58 Letitia LnBarringtonNJ08033
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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
Investment property for sale in Barrington at 58 Letitia Ln, Barrington, NJ, 08033 offers a 8.67% rental yield on a $455,000 purchase with $3,286/mo rent. Total monthly income registers $3,286/mo, and a $2,227/mo payment leaves $43/mo available for distribution. Annual cash flow reaches $514/yr on $150,833 to close, and return on cash invested stands at 20.25% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 105.89% and total cumulative return in cash at $159,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,286/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08033, Haddonfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,816 (100%) |
| Owner Occupied HU | 5,186 (66.4%) |
| Renter Occupied HU | 2,205 (28.2%) |
| Vacant Housing Units | 425 ( 5.4%) |
| Median Home Value | $603,659 |
| Average Home Value | $658,899 |
Housing Distribution
Address Breakdown
Residential
6,774
Single Family
6,295
Multi-Family
479
Businesses
668
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Listed by: Luke Romano • Romano Realty
Mls Name: Bright MLS
Mls ID: #NJCD2098062