63 Illinois AveWaretownNJ08758
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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 Waretown at 63 Illinois Ave, Waretown, NJ, 08758 at $345,000 posts ROI 19.3% with from $2,401/mo rent. Total monthly income equals $2,401/mo. Return on cash invested measures 19.3% and rental yield reads 8.35% at the current $345,000. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 by year five. Five-year ROI prints 100.79% and total cumulative return in cash totals $115,276. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,401/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08758, Waretown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,118 (100%) |
| Owner Occupied HU | 3,057 (74.2%) |
| Renter Occupied HU | 496 (12.0%) |
| Vacant Housing Units | 565 (13.7%) |
| Median Home Value | $566,761 |
| Average Home Value | $599,940 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,942
Multi-Family
77
Businesses
156
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Listed by: Annmarie Scottson • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJOC2038334