1108 Crane DrCherry 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
Rental property for sale in Cherry Hill at 1108 Crane Dr, Cherry Hill, NJ, 08003 generates $4,465/mo in rent and, after a $2,785/mo payment, leaves $409/mo in cash flow. Total monthly income is $4,465/mo, and annual cash flow is $4,911/yr on $187,201 invested. Return on cash invested sits at 22.68% in year one, and rental yield is 9.42% on a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 118.94% and total cumulative return in cash sums $222,659. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,465/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
7,876 sqft 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: Lenny Ginchereau • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJCD2099262