114 Cherry Parke #4-DCherry 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
Rental property for sale in Cherry Hill at 114 Cherry Parke #4-D, Cherry Hill, NJ, 08002 priced at $149,900 converts $1,174/mo rent into after a $734/mo obligation. Total monthly income equals $1,174/mo. Return on cash invested prints 11.87% in year one, and rental yield reads 9.4% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 64.91% and total cumulative return in cash sums $32,255. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,174/mo property income covering a $734/mo payment, not borrower’s personal income.
Apartment
Built in 1950
4.91 Acres lot
$N/A/sqft
$438 monthly 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: Terry Grayson • Impact Realty Group LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #NJCD2086346
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