12 Florence Tollgate Pl UNIT 4FlorenceNJ08518
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Florence at 12 Florence Tollgate Pl UNIT 4, Florence, NJ, 08518 priced at $110,000 converts $881/mo rent into $97/mo cash flow after a $538/mo obligation. Total monthly income equals $881/mo, and annual cash flow totals $1,168/yr on $36,465 invested. Return on cash invested prints 23.11% in year one, and rental yield reads 9.61% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 121.36% and total cumulative return in cash sums $44,256. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $881/mo property income covering a $538/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Ferrara • Schneider Real Estate Agency
Mls Name: Bright MLS
Mls ID: #NJBL2098920