70 Cranberry DrMays LandingNJ08330
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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 Mays Landing at 70 Cranberry Dr, Mays Landing, NJ, 08330 priced at $419,500 pairs $3,120/mo rent with $130/mo cash flow after a $2,053/mo payment. Total monthly income equals $3,120/mo, and annual cash flow comes to $1,561/yr on $139,064 invested. Return on cash invested is 21.03% in year one, and rental yield stands at 8.92% on a $419,500 basis. Equity gained on principal adds $2,707/yr, and 5% annual appreciation accumulates to $115,900 by year five. Five-year ROI measures 110.11% and total cumulative return in cash reaches $153,126. For financing, Ziffy Mortgage’s DSCR program evaluates $3,120/mo property income against a $2,053/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: Carlo Losco • BALSLEY/LOSCO
Mls Name: SJSRMLS
Mls Provider:
Mls ID: #588965
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2024 South Jersey Shore Regional Multiple Listing Service. All rights reserved.