1404 Essex DrCinnaminsonNJ08077
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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 Cinnaminson at 1404 Essex Dr, Cinnaminson, NJ, 08077 generates $3,654/mo in rent and, after a $1,787/mo payment, leaves $1,051/mo in cash flow. Total monthly income is $3,654/mo, and annual cash flow is $12,617/yr on $121,064 invested. Return on cash invested sits at 30.33% in year one, and rental yield is 12.01% on a $365,200 entry. Equity gained on principal adds $2,357/yr, while 5% annual appreciation builds toward $100,898 over five years. Five-year ROI reaches 159.97% and total cumulative return in cash sums $193,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,654/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08077, Riverton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,792 (100%) |
| Owner Occupied HU | 6,238 (80.1%) |
| Renter Occupied HU | 1,113 (14.3%) |
| Vacant Housing Units | 441 ( 5.7%) |
| Median Home Value | $419,481 |
| Average Home Value | $474,465 |
Housing Distribution
Address Breakdown
Residential
7,776
Single Family
7,437
Multi-Family
339
Businesses
822
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