613 Soders Rd, Carneys Point, NJ, 08069 | 6.69% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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613 Soders Rd, Carneys Point, NJ, 08069 | 6.69% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,394/mo, and a $2,103/mo payment. Purchase price stands at $429,600, and rental yield measures 6.69% with $2,394/mo rent. Return on cash invested shows 14.28% in year one, and 5% annual appreciation builds toward $118,691 over five years. Five-year ROI reaches 73.88% and total cumulative return in cash records $105,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $2,103/mo payment rather than investor’s personal income.

Single Family

Built in 1920

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Newly renovated from top to bottom, a move-in-ready single-family home featuring all-new finishes, including a new driveway, on a spacious lot with plenty of open yard space for gardening, play, or entertaining. This home sits within the Penns Grove Carneys Point Regional School District, which includes local schools for all ages and a high school. Conveniently located near major highways, including the NJ Turnpike (Interchange 1), I-295, U.S. Routes 130 and 40, and state routes 48, 49, and 140, it's perfect for commuters while still being part of a growing, vibrant community with increasing appeal. Ready to go, no work needed!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08069, Penns Grove, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,061 (100%)
Owner Occupied HU	3,079 (50.8%)
Renter Occupied HU	2,317 (38.2%)
Vacant Housing Units	665 (11.0%)
Median Home Value	$209,820
Average Home Value	$314,811