62 Grant LnBerlinNJ08009
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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
Total monthly income runs $1,838/mo, and a $1,322/mo payment. Purchase price stands at $270,000, and rental yield measures 8.17% with $1,838/mo rent. Return on cash invested shows 18.74% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 97.81% and total cumulative return in cash records $87,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,838/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
2,561 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08009, Berlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,654 (100%) |
| Owner Occupied HU | 4,330 (76.6%) |
| Renter Occupied HU | 1,079 (19.1%) |
| Vacant Housing Units | 245 ( 4.3%) |
| Median Home Value | $347,480 |
| Average Home Value | $361,330 |
Housing Distribution
Address Breakdown
Residential
6,213
Single Family
6,073
Multi-Family
140
Businesses
585
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Listed by: Michael Carr • Keller Williams Realty - Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2108336