59 Devoe AveSpotswoodNJ08884
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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 Spotswood at 59 Devoe Ave, Spotswood, NJ, 08884 generates $5,032/mo in rent and, after a $2,839/mo payment, leaves $898/mo in cash flow. Total monthly income is $5,032/mo, and annual cash flow is $10,772/yr on $190,820 invested. Return on cash invested sits at 25.71% in year one, and rental yield is 10.41% on a $579,999 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 135.13% and total cumulative return in cash sums $257,852. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,032/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,276 (100%) |
| Owner Occupied HU | 2,587 (79.0%) |
| Renter Occupied HU | 596 (18.2%) |
| Vacant Housing Units | 93 ( 2.8%) |
| Median Home Value | $471,823 |
| Average Home Value | $523,659 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
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Listed by: ERICA PEREZ • PG REALTY GROUP
Mls Name: All Jersey MLS
Mls ID: #2602834R