8 Maryland AveHigh BridgeNJ08829
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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 High Bridge at 8 Maryland Ave, High Bridge, NJ, 08829 uses $124,313 cash to close to unlock $3,426/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $2,958/mo, and a $1,835/mo payment keeps the spread at $286/mo. Purchase price stands at $375,000, and rental yield measures 9.47% with $2,958/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash records $147,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,958/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08829, High Bridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,203 (78.8%) |
| Renter Occupied HU | 230 (15.1%) |
| Vacant Housing Units | 94 ( 6.2%) |
| Median Home Value | $346,416 |
| Average Home Value | $365,669 |
Housing Distribution
Address Breakdown
Residential
1,516
Single Family
1,516
Multi-Family
0
Businesses
82
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Listed by: Eileen M. Wallace • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3995812