61 Howard AveFranklinvilleNJ08322
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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 Franklinville at 61 Howard Ave, Franklinville, NJ, 08322 priced at $389,999 pairs $3,061/mo rent with $281/mo cash flow after a $1,909/mo payment. Total monthly income equals $3,061/mo, and annual cash flow comes to $3,372/yr on $129,285 invested. Return on cash invested is 22.52% in year one, and rental yield stands at 9.42% on a $389,999 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 118.05% and total cumulative return in cash reaches $152,624. For financing, Ziffy Mortgage’s DSCR program evaluates $3,061/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08322, Franklinville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,082 (100%) |
| Owner Occupied HU | 3,475 (85.1%) |
| Renter Occupied HU | 404 ( 9.9%) |
| Vacant Housing Units | 203 ( 5.0%) |
| Median Home Value | $396,279 |
| Average Home Value | $387,237 |
Housing Distribution
Address Breakdown
Residential
3,703
Single Family
3,702
Multi-Family
1
Businesses
180
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Listed by: Michael Muzzarelli • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2065298