1261 S Merrimac RdCamdenNJ08104
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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 Camden at 1261 S Merrimac Rd, Camden, NJ, 08104 uses $62,156 cash to close to unlock $6,279/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $918/mo payment keeps the spread at $523/mo. Purchase price stands at $187,500, and rental yield measures 11.9% with $1,860/mo rent. Return on cash invested shows 30.01% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 158.28% and total cumulative return in cash records $98,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $918/mo payment rather than investor’s personal income.
Townhouse
Built in 1945
1,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08104, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,685 (100%) |
| Owner Occupied HU | 2,486 (25.7%) |
| Renter Occupied HU | 5,929 (61.2%) |
| Vacant Housing Units | 1,270 (13.1%) |
| Median Home Value | $83,185 |
| Average Home Value | $136,318 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
8,096
Multi-Family
503
Businesses
410
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Listed by: Chip Longo • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2101192