813 Hickory AveBrowns MillsNJ08015
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 Browns Mills at 813 Hickory Ave, Browns Mills, NJ, 08015 listed at $279,900 pairs $2,322/mo rent with a $1,370/mo payment to leave $327/mo cash flow. Total monthly income runs $2,322/mo, and annual cash flow reaches $3,923/yr on $92,787 cash to close. Return on cash invested measures 24.14% in year one, and rental yield registers 9.95% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 126.73% and total cumulative return in cash totals $117,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,322/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Schneider • Schneider Real Estate Agency
Mls Name: Bright MLS
Mls ID: #NJBL2093696