99 Woodmere Drive #705ParlinNJ08859
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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
Investment property for sale in Parlin at 99 Woodmere Drive #705, Parlin, NJ, 08859 listed at $525,000 pairs $3,120/mo rent with a $2,570/mo payment. Total monthly income runs $3,120/mo. Return on cash invested measures 15.74% in year one, and rental yield registers 7.13% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 81.67% and total cumulative return in cash totals $141,069. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,120/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: Anaita Tarapore • EXP Realty
Mls Name: MoreMLS
Mls ID: #22602112