1037 Society HlCherry HillNJ08003
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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 Cherry Hill at 1037 Society Hl, Cherry Hill, NJ, 08003 earns $20/mo cash flow from $2,579/mo rent with a $1,757/mo payment. Total monthly income totals $2,579/mo, and annual cash flow totals $243/yr on $119,009 capital. ROI tracks 20.11% on current figures, and rental yield reads 8.62% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 105.19% and total cumulative return in cash sums $125,179. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,579/mo property income instead of your personal income.
Apartment
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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Listed by: Bonnie Bernhardt • RE/MAX ONE Realty
Mls Name: Bright MLS
Mls ID: #NJCD2105658