621 Crown Point RdWestvilleNJ08093
Nearby investment properties with comparable rents
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 Westville at 621 Crown Point Rd, Westville, NJ, 08093 priced at $229,000 converts $2,497/mo rent into $865/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,497/mo, and annual cash flow totals $10,375/yr on $75,914 invested. Return on cash invested prints 33.58% in year one, and rental yield reads 13.08% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 177.37% and total cumulative return in cash sums $134,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,497/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Multi Family
Built in 1915
5,814 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08093, Westville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,462 (100%) |
| Owner Occupied HU | 2,542 (57.0%) |
| Renter Occupied HU | 1,611 (36.1%) |
| Vacant Housing Units | 309 ( 6.9%) |
| Median Home Value | $246,851 |
| Average Home Value | $322,610 |
Housing Distribution
Address Breakdown
Residential
4,242
Single Family
3,998
Multi-Family
244
Businesses
330
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Listed by: Ebenezer Carpio • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJGL2060986