94 Merlino LnMays LandingNJ08330
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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
Rental property for sale in Mays Landing at 94 Merlino Ln, Mays Landing, NJ, 08330 offers $3,524/mo rent that, after a $2,104/mo payment, leaves $460/mo cash flow. Total monthly income is $3,524/mo, and annual cash flow is $5,519/yr on $142,512 cash. Return on cash invested measures 23.78% in year one, and rental yield stands at 9.84% at a $429,900 entry. Equity gained on principal adds $2,774/yr while 5% annual appreciation compounds into $118,773 by year five. Five-year ROI records 124.83% and total cumulative return in cash reaches $177,895. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,524/mo property income versus a $2,104/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08330, Mays Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 8,619 (68.5%) |
| Renter Occupied HU | 3,374 (26.8%) |
| Vacant Housing Units | 593 ( 4.7%) |
| Median Home Value | $310,164 |
| Average Home Value | $340,602 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,375
Multi-Family
72
Businesses
640
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Listed by: Henry Philip Carr, IV • Crowley & Carr, Inc.
Mls Name: Bright MLS
Mls ID: #NJAC2020294