9 Picaron PlLaurence HarborNJ08879
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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
Rental property for sale in Laurence Harbor at 9 Picaron Pl, Laurence Harbor, NJ, 08879 offers $3,793/mo rent that, after a $2,765/mo payment. Total monthly income is $3,793/mo. Return on cash invested measures 18.55% in year one, and rental yield stands at 8.06% at a $565,000 entry. Equity gained on principal adds $3,646/yr while 5% annual appreciation compounds into $156,099 by year five. Five-year ROI records 96.78% and total cumulative return in cash reaches $179,907. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,793/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,470 (100%) |
| Owner Occupied HU | 5,998 (57.3%) |
| Renter Occupied HU | 4,130 (39.4%) |
| Vacant Housing Units | 342 ( 3.3%) |
| Median Home Value | $445,825 |
| Average Home Value | $492,152 |
Housing Distribution
Address Breakdown
Residential
9,414
Single Family
8,876
Multi-Family
538
Businesses
518
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Listed by: AUGUSTO V. VERISSIMO • WEICHERT REALTORS - HOME CITY
Mls Name: All Jersey MLS
Mls ID: #2607464R