701 Sunshine CtParlinNJ08859
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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 Parlin at 701 Sunshine Ct, Parlin, NJ, 08859 with 5% annual appreciation on a $369,000 basis while $2,714/mo rent supports operations. Total monthly income totals $2,714/mo and a $1,806/mo payment preserves $84/mo for cash returns. Annual cash flow comes to $1,007/yr on $122,324 deployed, and return on cash invested reaches 20.73% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 8.83%. Five-year ROI measures 108.47% and total cumulative return in cash totals $132,687.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,714/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: JILL TASCON • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2609603R