1224 Concord LnCherry HillNJ08003
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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
Investment property for sale in Cherry Hill at 1224 Concord Ln, Cherry Hill, NJ, 08003 uses $190,491 cash to close to unlock $2,075/yr annual cash flow and $173/mo monthly cash flow. Total monthly income runs $4,300/mo, and a $2,834/mo payment keeps the spread at $173/mo. Purchase price stands at $579,000, and rental yield measures 8.91% with $4,300/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 110.69% and total cumulative return in cash records $210,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,300/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Single Family
Built in 1970
10,123 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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Listed by: Amy Rossano • BHHS Fox & Roach-Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2099078