602 Violet LaneJacksonNJ08527
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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 Jackson at 602 Violet Lane, Jackson, NJ, 08527 priced at $205,000 converts $1,413/mo rent into after a $1,003/mo obligation. Total monthly income equals $1,413/mo. Return on cash invested prints 19.06% in year one, and rental yield reads 8.27% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 99.6% and total cumulative return in cash sums $67,686. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,413/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Condo
Built in 1988
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08527, Jackson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,842 (100%) |
| Owner Occupied HU | 17,881 (78.3%) |
| Renter Occupied HU | 3,943 (17.3%) |
| Vacant Housing Units | 1,018 ( 4.5%) |
| Median Home Value | $551,706 |
| Average Home Value | $589,090 |
Housing Distribution
Address Breakdown
Residential
21,557
Single Family
20,996
Multi-Family
561
Businesses
1,135
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Listed by: Matthew Tully • RE/MAX Central
Mls Name: MoreMLS
Mls ID: #22533043