111 Chestnut St #113Cherry HillNJ08002
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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 111 Chestnut St #113, Cherry Hill, NJ, 08002 listed at $190,000 pairs $1,473/mo rent with a $930/mo payment to leave $119/mo cash flow. Total monthly income runs $1,473/mo, and annual cash flow reaches $1,424/yr on $62,985 cash to close. Return on cash invested measures 22.17% in year one, and rental yield registers 9.3% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 116.22% and total cumulative return in cash totals $73,200. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,473/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1965
2.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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Listed by: Cristin Holloway • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2097682