806 Eldridges Hill RdMullica HillNJ08062
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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 806 Eldridges Hill Rd, Mullica Hill, NJ, 08062 uses $58,013 cash to close to unlock $22,466/yr annual cash flow and $1,872/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $857/mo payment keeps the spread at $1,872/mo. Purchase price stands at $175,000, and rental yield measures 21.39% with $3,120/mo rent. Return on cash invested shows 58.64% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 311.8% and total cumulative return in cash records $180,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1835
10,019 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: Nancy Kowalik • Your Home Sold Guaranteed Nancy Kowalik Group
Mls Name: My State MLS
Mls ID: #11353757