115 Courtland RdCherry HillNJ08034
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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 115 Courtland Rd, Cherry Hill, NJ, 08034 generates $4,669/mo in rent and, after a $2,932/mo payment, leaves $399/mo in cash flow. Total monthly income is $4,669/mo, and annual cash flow is $4,791/yr on $197,071 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 9.35% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 117.92% and total cumulative return in cash sums $232,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,669/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08034, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,806 (100%) |
| Owner Occupied HU | 5,847 (74.9%) |
| Renter Occupied HU | 1,640 (21.0%) |
| Vacant Housing Units | 319 ( 4.1%) |
| Median Home Value | $378,237 |
| Average Home Value | $404,007 |
Housing Distribution
Address Breakdown
Residential
7,668
Single Family
6,709
Multi-Family
959
Businesses
1,300
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Listed by: Melissa Connell • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2108984