128 W Evesham AveMagnoliaNJ08049
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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 Magnolia at 128 W Evesham Ave, Magnolia, NJ, 08049 offers a 11.26% rental yield on a $389,000 purchase with $3,650/mo rent. Total monthly income registers $3,650/mo, and a $1,904/mo payment leaves $877/mo available for distribution. Annual cash flow reaches $10,527/yr on $128,954 to close, and return on cash invested stands at 28.07% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 147.87% and total cumulative return in cash at $190,686. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,650/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08049, Magnolia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,616 (72.1%) |
| Renter Occupied HU | 532 (23.7%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $271,498 |
| Average Home Value | $462,888 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,039
Multi-Family
153
Businesses
101
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Listed by: Racheal Marzi • Compass New Jersey, LLC - Haddon Township
Mls Name: Bright MLS
Mls ID: #NJCD2100066