10 Davis Ave, Salem, NJ, 08079 | $636/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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10 Davis Ave, Salem, NJ, 08079 | $636/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 10 Davis Ave, Salem, NJ, 08079 offers $2,417/mo rent that, after a $1,223/mo payment, leaves $636/mo cash flow. Total monthly income is $2,417/mo, and annual cash flow is $7,631/yr on $82,842 cash. Return on cash invested measures 29.12% in year one, and rental yield stands at 11.61% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 153.48% and total cumulative return in cash reaches $127,142. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,417/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 10 Davis Ave! This fully remodeled home is ready for its next homeowner! Inside, you'll find a complete interior transformation from top to bottom. Featuring 5 spacious bedrooms and 2 full bathrooms, this home offers plenty of space for everyone. Step into the cozy sitting room that flows seamlessly into the bright and airy family room filled with natural light. The brand-new eat-in kitchen is perfect for gatherings and everyday living. The main level includes 3 bedrooms and 1 full bath, while the upper level features 2 additional bedrooms and another full bath. Outside, enjoy a larger-than-average lot for Salem, complete with a storage shed and an additional exterior structureready to become whatever you imagine: a workshop, carport, or creative space with a little TLC. Schedule your appointment today and see everything this beautiful home has to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,126 (100%)
Owner Occupied HU	2,600 (50.7%)
Renter Occupied HU	1,885 (36.8%)
Vacant Housing Units	641 (12.5%)
Median Home Value	$260,543
Average Home Value	$350,401