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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Carneys Pt at 59 Granite Ln, Carneys Pt, NJ, 08069 priced at $452,300 converts $3,473/mo rent into $177/mo cash flow after a $2,214/mo obligation. Total monthly income equals $3,473/mo, and annual cash flow totals $2,122/yr on $149,937 invested. Return on cash invested prints 21.32% in year one, and rental yield reads 9.21% against a $452,300 entry. Equity gained on principal adds $2,919/yr, while 5% annual appreciation compiles into $124,962 by year five. Five-year ROI reaches 111.87% and total cumulative return in cash sums $167,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,473/mo property income covering a $2,214/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,061 (100%) |
| Owner Occupied HU | 3,079 (50.8%) |
| Renter Occupied HU | 2,317 (38.2%) |
| Vacant Housing Units | 665 (11.0%) |
| Median Home Value | $209,820 |
| Average Home Value | $314,811 |
Residential
5,212
Single Family
4,783
Multi-Family
429
Businesses
292
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Listing removed | $450,000 |
| 2025-08-14 | Listed for sale | $450,000 |
| 2016-01-13 | Sold | $333,494 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $10271.98 | 3.57% | $278,600 | N/A |
| 2023-10-17 | $9918.16 | 7.29% | $278,600 | N/A |
| 2022-10-17 | $9243.95 | -0.87% | $278,600 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
