1020 Spruce StCamdenNJ08103
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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 Camden at 1020 Spruce St, Camden, NJ, 08103 earns $827/mo cash flow from $2,060/mo rent with a $847/mo payment. Total monthly income totals $2,060/mo, and annual cash flow totals $9,920/yr on $57,350 capital. ROI tracks 37.21% on current figures, and rental yield reads 14.29% at a $173,000 purchase. Equity gained on principal adds $1,116/yr, and 5% annual appreciation supports $47,797 over five years. Five-year ROI reaches 196.86% and total cumulative return in cash sums $112,899. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,060/mo property income instead of your personal income.
Single Family
Built in 1900
1,646 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08103, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,101 (100%) |
| Owner Occupied HU | 1,630 (32.0%) |
| Renter Occupied HU | 2,731 (53.5%) |
| Vacant Housing Units | 740 (14.5%) |
| Median Home Value | $101,389 |
| Average Home Value | $175,500 |
Housing Distribution
Address Breakdown
Residential
4,625
Single Family
4,115
Multi-Family
510
Businesses
525
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