1401 Princess Ave #1403CamdenNJ08103
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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 1401 Princess Ave #1403, Camden, NJ, 08103 offers a 9.22% rental yield on a $250,000 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $1,224/mo payment leaves $138/mo available for distribution. Annual cash flow reaches $1,652/yr on $82,875 to close, and return on cash invested stands at 21.9% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 114.78% and total cumulative return in cash at $95,122. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,263 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08103, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,101 (100%) |
| Owner Occupied HU | 1,630 (32.0%) |
| Renter Occupied HU | 2,731 (53.5%) |
| Vacant Housing Units | 740 (14.5%) |
| Median Home Value | $101,389 |
| Average Home Value | $175,500 |
Housing Distribution
Address Breakdown
Residential
4,625
Single Family
4,115
Multi-Family
510
Businesses
525
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Listed by: Patrick Gorman • Keller Williams - Main Street
Mls Name: Bright MLS
Mls ID: #NJCD2108856