623 Main StLeesburgNJ08327
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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 Leesburg at 623 Main St, Leesburg, NJ, 08327 priced at $359,000 converts $1,800/mo rent into after a $1,757/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 12.26% in year one, and rental yield reads 6.02% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 63.08% and total cumulative return in cash sums $75,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08327, Leesburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 350 (100%) |
| Owner Occupied HU | 241 (68.9%) |
| Renter Occupied HU | 40 (11.4%) |
| Vacant Housing Units | 69 (19.7%) |
| Median Home Value | $219,186 |
| Average Home Value | $315,436 |
Housing Distribution
Address Breakdown
Residential
100
Single Family
100
Multi-Family
0
Businesses
25
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Listed by: Marilou Wong • C-21 Gemini, Llc.
Mls Name: GSMLS
Mls ID: #3976310