1316 S Merrimac RdCamdenNJ08104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1316 S Merrimac Rd, Camden, NJ, 08104 earns $146/mo cash flow from $1,457/mo rent with a $900/mo payment. Total monthly income totals $1,457/mo, and annual cash flow totals $1,755/yr on $60,963 capital. ROI tracks 22.79% on current figures, and rental yield reads 9.51% at a $183,900 purchase. Equity gained on principal adds $1,187/yr, and 5% annual appreciation supports $50,808 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash sums $72,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,457/mo property income instead of your personal income.
Townhouse
Built in 1945
1,398 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ramona Torres • Weichert Realtors-Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2103410