621 Highland AveWestvilleNJ08093
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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
Investment property for sale in Westville at 621 Highland Ave, Westville, NJ, 08093 listed at $359,999 pairs $2,820/mo rent with a $1,762/mo payment to leave $254/mo cash flow. Total monthly income runs $2,820/mo, and annual cash flow reaches $3,048/yr on $119,340 cash to close. Return on cash invested measures 22.46% in year one, and rental yield registers 9.4% at a $359,999 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 117.77% and total cumulative return in cash totals $140,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,820/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1926
0.29 Acres 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: Michael a Moore JR. • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJGL2061494