117 Ellis AveBerlinNJ08009
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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 Berlin at 117 Ellis Ave, Berlin, NJ, 08009 generates $2,845/mo in rent and, after a $1,419/mo payment, leaves $779/mo in cash flow. Total monthly income is $2,845/mo, and annual cash flow is $9,343/yr on $96,102 invested. Return on cash invested sits at 29.63% in year one, and rental yield is 11.78% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 156.23% and total cumulative return in cash sums $150,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,845/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08009, Berlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,654 (100%) |
| Owner Occupied HU | 4,330 (76.6%) |
| Renter Occupied HU | 1,079 (19.1%) |
| Vacant Housing Units | 245 ( 4.3%) |
| Median Home Value | $347,480 |
| Average Home Value | $361,330 |
Housing Distribution
Address Breakdown
Residential
6,213
Single Family
6,073
Multi-Family
140
Businesses
585
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Listed by: Val Nunnenkamp • Keller Williams Realty - Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2102164