64 Clarks Landing RdPort RepublicNJ08241
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 Port Republic at 64 Clarks Landing Rd, Port Republic, NJ, 08241 offers $3,142/mo rent that, after a $1,786/mo payment, leaves $541/mo cash flow. Total monthly income is $3,142/mo, and annual cash flow is $6,490/yr on $120,998 cash. Return on cash invested measures 25.27% in year one, and rental yield stands at 10.33% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 132.84% and total cumulative return in cash reaches $160,735. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,142/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08241, Port Republic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 472 (100%) |
| Owner Occupied HU | 402 (85.2%) |
| Renter Occupied HU | 28 ( 5.9%) |
| Vacant Housing Units | 42 ( 8.9%) |
| Median Home Value | $538,636 |
| Average Home Value | $534,932 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
15
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Listed by: RICHARD HAVILAND • KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Mls Name: SJSRMLS
Mls ID: #603817