123 Mitchell AveRunnemedeNJ08078
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 123 Mitchell Ave, Runnemede, NJ, 08078 in Runnemede deserves attention. This $299,900 property earns $2,932/mo in rent, a 11.73% gross yield, and nets $794/mo after the $1,349/mo payment. DSCR 2.17 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $82,857 compounds alongside $2,762/yr in yearly equity build, for a total cumulative return of $166,087.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.2% |
| Monthly Cash Flow | $794 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,932 |
| Total Monthly Debt Service | $2,018 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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
Single Family
Built in 1951
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #NJCD2113936