8 Fernwood LnMays 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 8 Fernwood Ln, Mays Landing, NJ, 08330 priced at $250,000 converts $1,690/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,690/mo. Return on cash invested prints 18.57% in year one, and rental yield reads 8.11% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 96.91% and total cumulative return in cash sums $80,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,690/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
N/A 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: Deborah Glenn • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #598255