54 Priest Blvd #54Rio GrandeNJ08242
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Rio Grande at 54 Priest Blvd #54, Rio Grande, NJ, 08242 priced at $230,000 pairs $1,643/mo rent with $3/mo cash flow after a $1,126/mo payment. Total monthly income equals $1,643/mo, and annual cash flow comes to $40/yr on $76,245 invested. Return on cash invested is 19.96% in year one, and rental yield stands at 8.57% on a $230,000 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,545 by year five. Five-year ROI measures 104.4% and total cumulative return in cash reaches $79,603. For financing, Ziffy Mortgage’s DSCR program evaluates $1,643/mo property income against a $1,126/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1973
1,152 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08242, Rio Grande, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,173 (100%) |
| Owner Occupied HU | 1,384 (63.7%) |
| Renter Occupied HU | 424 (19.5%) |
| Vacant Housing Units | 365 (16.8%) |
| Median Home Value | $398,201 |
| Average Home Value | $620,233 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,762
Multi-Family
0
Businesses
308
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Listed by: Rebecca Chamberlain,Sfr,Sres • LONG & FOSTER REAL ESTATE, INC cm
Mls Name: CMCAOR
Mls Provider:
Mls ID: #251126
Disclaimer: Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.