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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Pitman at 127 3rd Ave, Pitman, NJ, 08071 generates $1,915/mo in rent and, after a $1,077/mo payment, leaves $347/mo in cash flow. Total monthly income is $1,915/mo, and annual cash flow is $4,160/yr on $72,930 invested. Return on cash invested sits at 25.61% in year one, and rental yield is 10.45% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 134.68% and total cumulative return in cash sums $98,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,915/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
989 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Carducci • BHHS Fox & Roach-Washington-Gloucester
Mls Name: Bright MLS
Mls ID: #NJGL2064602
