62 Oakmont Dr #10062Mays LandingNJ08330
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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 Mays Landing at 62 Oakmont Dr #10062, Mays Landing, NJ, 08330 generates $3,061/mo in rent and, after a $925/mo payment, leaves $1,714/mo in cash flow. Total monthly income is $3,061/mo, and annual cash flow is $20,567/yr on $62,654 invested. Return on cash invested sits at 52.74% in year one, and rental yield is 19.43% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 280.11% and total cumulative return in cash sums $175,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,061/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: Patrick Crocetta • Hometown America Communities
Mls Name: My State MLS
Mls ID: #11320704