111 Chestnut St UNIT 208Cherry 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 UNIT 208, Cherry Hill, NJ, 08002 earns $69/mo cash flow from $1,209/mo rent with a $783/mo payment. Total monthly income totals $1,209/mo, and annual cash flow totals $824/yr on $53,040 capital. ROI tracks 21.46% on current figures, and rental yield reads 9.07% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 112.4% and total cumulative return in cash sums $59,618. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,209/mo property income instead of your personal income.
Condo
Built in 1965
N/A 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: Anthony Landolfi • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJCD2106274