116 8th StSalemNJ08079
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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 Salem at 116 8th St, Salem, NJ, 08079 generates $1,174/mo in rent and, after a $734/mo payment, leaves $105/mo in cash flow. Total monthly income is $1,174/mo, and annual cash flow is $1,260/yr on $49,725 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 9.39% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash sums $58,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,174/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
3,080 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Listed by: jennifer Derevlany • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJSA2016326