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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% |
Investment property for sale in Mays Landing at 5923 Berry Dr, Mays Landing, NJ, 08330 offers a 13.27% rental yield on a $280,000 purchase with $3,097/mo rent. Total monthly income registers $3,097/mo, and a $1,370/mo payment leaves $1,102/mo available for distribution. Annual cash flow reaches $13,220/yr on $92,820 to close, and return on cash invested stands at 34.15% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 180.46% and total cumulative return in cash at $167,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,097/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
Date | Event | Price |
|---|---|---|
| 2023-10-29 | Listed for sale | $280,000 |
| 2019-06-13 | Listing removed | $1,550 |
| 2019-05-24 | Listed for rent | $1,550 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4612.45 | 5.44% | $135,900 | N/A |
| 2022-10-15 | $4374.62 | N/A | $135,900 | N/A |
| 2021-10-15 | $4374.62 | -0.25% | $135,900 | N/A |
Listed by: George Stefanides • G&L Real Estate Group
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #579194
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
