8 N Grand AvePort ReadingNJ07064
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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
Total monthly income runs $3,853/mo, and a $2,814/mo payment. Purchase price stands at $574,900, and rental yield measures 8.04% with $3,853/mo rent. Return on cash invested shows 18.51% in year one, and 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 96.55% and total cumulative return in cash records $182,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,853/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1993
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07064, Port Reading, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,433 (100%) |
| Owner Occupied HU | 1,044 (72.9%) |
| Renter Occupied HU | 323 (22.5%) |
| Vacant Housing Units | 66 ( 4.6%) |
| Median Home Value | $475,499 |
| Average Home Value | $561,431 |
Housing Distribution
Address Breakdown
Residential
1,441
Single Family
1,364
Multi-Family
77
Businesses
92
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Listed by: GABRIELLE SMITH • J.J. ELEK REALTY CO.
Mls Name: All Jersey MLS
Mls ID: #2608658R