617 Caribbean WayWilliamstownNJ08094
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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 Williamstown at 617 Caribbean Way, Williamstown, NJ, 08094 offers $3,121/mo rent that, after a $1,958/mo payment, leaves $270/mo cash flow. Total monthly income is $3,121/mo, and annual cash flow is $3,236/yr on $132,600 cash. Return on cash invested measures 22.35% in year one, and rental yield stands at 9.36% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 117.15% and total cumulative return in cash reaches $155,344. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,121/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
10,145 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08094, Williamstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 13,113 (77.5%) |
| Renter Occupied HU | 2,989 (17.7%) |
| Vacant Housing Units | 814 ( 4.8%) |
| Median Home Value | $338,345 |
| Average Home Value | $360,444 |
Housing Distribution
Address Breakdown
Residential
16,390
Single Family
15,137
Multi-Family
1,253
Businesses
776
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Listed by: Alysia DeStefano • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2067436