58 Wallace StPittsgroveNJ08318
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pittsgrove at 58 Wallace St, Pittsgrove, NJ, 08318 offers a 10.86% rental yield on a $325,000 purchase with $2,941/mo rent. Total monthly income registers $2,941/mo, and a $1,591/mo payment leaves $624/mo available for distribution. Annual cash flow reaches $7,490/yr on $107,738 to close, and return on cash invested stands at 26.86% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 141.39% and total cumulative return in cash at $152,329. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,941/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ellen Dynov-Dell'Alba • Keller Williams Realty Monmouth/Ocean
Mls Name: Bright MLS
Mls ID: #NJSA2016506