623 Monarda TrlMullica HillNJ08062
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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 Mullica Hill at 623 Monarda Trl, Mullica Hill, NJ, 08062 with 5% annual appreciation on a $375,000 basis while $2,969/mo rent supports operations. Total monthly income totals $2,969/mo and a $1,835/mo payment preserves $297/mo for cash returns. Annual cash flow comes to $3,558/yr on $124,313 deployed, and return on cash invested reaches 22.77% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 9.5%. Five-year ROI measures 119.43% and total cumulative return in cash totals $148,467.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,969/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08062, Mullica Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 5,204 (85.5%) |
| Renter Occupied HU | 648 (10.7%) |
| Vacant Housing Units | 232 ( 3.8%) |
| Median Home Value | $555,112 |
| Average Home Value | $561,427 |
Housing Distribution
Address Breakdown
Residential
6,008
Single Family
5,944
Multi-Family
64
Businesses
390
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Listed by: Chris Seagreaves • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJGL2067664