15 W Walnut AveMerchantvilleNJ08109
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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 Merchantville at 15 W Walnut Ave, Merchantville, NJ, 08109 offers $4,258/mo rent that, after a $3,372/mo payment. Total monthly income is $4,258/mo. Return on cash invested measures 16.6% in year one, and rental yield stands at 7.42% at a $689,000 entry. Equity gained on principal adds $4,446/yr while 5% annual appreciation compounds into $190,358 by year five. Five-year ROI records 86.34% and total cumulative return in cash reaches $195,714. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,258/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08109, Merchantville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,321 (100%) |
| Owner Occupied HU | 6,318 (67.8%) |
| Renter Occupied HU | 2,597 (27.9%) |
| Vacant Housing Units | 406 ( 4.4%) |
| Median Home Value | $280,019 |
| Average Home Value | $303,316 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,485
Multi-Family
1,449
Businesses
725
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Listed by: Mrs. Tonya Lynn Boyce • Peze & Associates
Mls Name: Bright MLS
Mls ID: #NJCD2100088