13 Florence Tollgate Pl UNIT 2FlorenceNJ08518
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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
Rental property for sale in Florence at 13 Florence Tollgate Pl UNIT 2, Florence, NJ, 08518 generates $839/mo in rent and, after a $529/mo payment, leaves $69/mo in cash flow. Total monthly income is $839/mo, and annual cash flow is $826/yr on $35,802 invested. Return on cash invested sits at 22.22% in year one, and rental yield is 9.32% on a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 116.46% and total cumulative return in cash sums $41,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $839/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
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Listed by: Mary Bauer • RE/MAX at Home
Mls Name: Bright MLS
Mls ID: #NJBL2095392