54 Priest BlvdRio 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, Rio Grande, NJ, 08242 generates $1,593/mo in rent, after a $1,126/mo payment. Total monthly income is $1,593/mo. Return on cash invested sits at 19.17% in year one, and rental yield is 8.31% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 100.17% and total cumulative return in cash sums $76,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,593/mo property income rather than buyer’s personal income.
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: Long & Foster Broker Feed
Mls Provider:
Mls ID: #251126
Disclaimer: Listing information is deemed reliable, but not guaranteed.