124 Ogg AveSomerdaleNJ08083
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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 Somerdale at 124 Ogg Ave, Somerdale, NJ, 08083 with 5% annual appreciation on a $349,000 basis while $3,054/mo rent supports operations. Total monthly income totals $3,054/mo and a $1,708/mo payment preserves $567/mo for cash returns. Annual cash flow comes to $6,799/yr on $115,694 deployed, and return on cash invested reaches 25.79% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 10.5%. Five-year ROI measures 135.61% and total cumulative return in cash totals $156,888.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,054/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08083, Somerdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,007 (100%) |
| Owner Occupied HU | 2,862 (71.4%) |
| Renter Occupied HU | 962 (24.0%) |
| Vacant Housing Units | 183 ( 4.6%) |
| Median Home Value | $312,500 |
| Average Home Value | $396,765 |
Housing Distribution
Address Breakdown
Residential
3,991
Single Family
3,991
Multi-Family
0
Businesses
241
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Listed by: Haci Kose • RE/MAX Of Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2108084