8 Lake StMullica HillNJ08062
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
Investment property for sale in Mullica Hill at 8 Lake St, Mullica Hill, NJ, 08062 at $300,000 posts ROI 27.04% with $591/mo cash flow from $2,729/mo rent. Total monthly income equals $2,729/mo, and annual cash flow records $7,092/yr on $99,450 to close. Return on cash invested measures 27.04% and rental yield reads 10.92% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 142.31% and total cumulative return in cash totals $141,528.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,729/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1840
10,850 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08062, Mullica Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,084 (100%) |
| Owner Occupied HU | 5,204 (85.5%) |
| Renter Occupied HU | 648 (10.7%) |
| Vacant Housing Units | 232 ( 3.8%) |
| Median Home Value | $555,112 |
| Average Home Value | $561,427 |
Housing Distribution
Address Breakdown
Residential
6,008
Single Family
5,944
Multi-Family
64
Businesses
390
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Listed by: Kelli Ewing • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJGL2067220