6 Minstrel LnWillingboroNJ08046
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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 Willingboro at 6 Minstrel Ln, Willingboro, NJ, 08046 priced at $262,000 pairs $2,966/mo rent with $1,099/mo cash flow after a $1,282/mo payment. Total monthly income equals $2,966/mo, and annual cash flow comes to $13,186/yr on $86,853 invested. Return on cash invested is 35.09% in year one, and rental yield stands at 13.58% on a $262,000 basis. Equity gained on principal adds $1,691/yr, and 5% annual appreciation accumulates to $72,386 by year five. Five-year ROI measures 185.48% and total cumulative return in cash reaches $161,097. For financing, Ziffy Mortgage’s DSCR program evaluates $2,966/mo property income against a $1,282/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08046, Willingboro, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,095 (100%) |
| Owner Occupied HU | 9,327 (77.1%) |
| Renter Occupied HU | 2,093 (17.3%) |
| Vacant Housing Units | 675 ( 5.6%) |
| Median Home Value | $277,462 |
| Average Home Value | $315,527 |
Housing Distribution
Address Breakdown
Residential
11,476
Single Family
11,256
Multi-Family
220
Businesses
593
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Listed by: Tina Batten • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJBL2094522