957 Main StPort NorrisNJ08349
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 Port Norris at 957 Main St, Port Norris, NJ, 08349 priced at $209,900 pairs $2,195/mo rent with $699/mo cash flow after a $1,027/mo payment. Total monthly income equals $2,195/mo, and annual cash flow comes to $8,391/yr on $69,582 invested. Return on cash invested is 31.97% in year one, and rental yield stands at 12.55% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 168.8% and total cumulative return in cash reaches $117,452. For financing, Ziffy Mortgage’s DSCR program evaluates $2,195/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08349, Port Norris, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 850 (100%) |
| Owner Occupied HU | 532 (62.6%) |
| Renter Occupied HU | 168 (19.8%) |
| Vacant Housing Units | 150 (17.6%) |
| Median Home Value | $198,148 |
| Average Home Value | $266,570 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
31
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Nearby investment properties with comparable prices
Listed by: Irene MacMahan • S. Kelly Real Estate LLC
Mls Name: Bright MLS
Mls ID: #NJCB2024160