828 Wood StBurlingtonNJ08016
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
Rental property for sale in Burlington at 828 Wood St, Burlington, NJ, 08016 priced at $224,888 converts $1,599/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,599/mo. Return on cash invested prints 19.84% in year one, and rental yield reads 8.53% against a $224,888 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,132 by year five. Five-year ROI reaches 103.72% and total cumulative return in cash sums $77,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,599/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1935
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08016, Burlington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,052 (100%) |
| Owner Occupied HU | 9,106 (64.8%) |
| Renter Occupied HU | 4,072 (29.0%) |
| Vacant Housing Units | 874 ( 6.2%) |
| Median Home Value | $380,853 |
| Average Home Value | $397,338 |
Housing Distribution
Address Breakdown
Residential
13,476
Single Family
12,745
Multi-Family
731
Businesses
973
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex Isakov • Realty Mark Central, LLC
Mls Name: Bright MLS
Mls ID: #NJBL2093872