608 Grant AveMagnoliaNJ08049
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Magnolia at 608 Grant Ave, Magnolia, NJ, 08049 priced at $310,000 converts $2,927/mo rent into $718/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,927/mo, and annual cash flow totals $8,612/yr on $102,765 invested. Return on cash invested prints 28.29% in year one, and rental yield reads 11.33% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 149.01% and total cumulative return in cash sums $153,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,927/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1960
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08049, Magnolia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,616 (72.1%) |
| Renter Occupied HU | 532 (23.7%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $271,498 |
| Average Home Value | $462,888 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,039
Multi-Family
153
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary DeGree, Sr. • 1ST DEGREE REALTY, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2101202