116 Van Buren Rd APT 2VoorheesNJ08043
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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 Voorhees at 116 Van Buren Rd APT 2, Voorhees, NJ, 08043 generates $1,555/mo in rent, after a $1,077/mo payment. Total monthly income is $1,555/mo. Return on cash invested sits at 19.69% in year one, and rental yield is 8.48% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 102.9% and total cumulative return in cash sums $75,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,555/mo property income rather than buyer’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08043, Voorhees, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,731 (100%) |
| Owner Occupied HU | 7,690 (60.4%) |
| Renter Occupied HU | 4,422 (34.7%) |
| Vacant Housing Units | 619 ( 4.9%) |
| Median Home Value | $455,916 |
| Average Home Value | $479,773 |
Housing Distribution
Address Breakdown
Residential
12,439
Single Family
10,043
Multi-Family
2,396
Businesses
1,180
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Listed by: Mr. Hakan Karahan • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJCD2109514