7 Leonardine AveSouth RiverNJ08882
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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 South River at 7 Leonardine Ave, South River, NJ, 08882 generates $3,427/mo in rent and, after a $1,958/mo payment, leaves $576/mo in cash flow. Total monthly income is $3,427/mo, and annual cash flow is $6,908/yr on $132,600 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 10.28% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 132.02% and total cumulative return in cash sums $175,060. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,427/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
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Listed by: JOSE R. SANCHEZ • KELLER WILLIAMS CITY LIFE
Mls Name: All Jersey MLS
Mls ID: #2608044R