1556 Velde AvePennsaukenNJ08110
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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 Pennsauken at 1556 Velde Ave, Pennsauken, NJ, 08110 generates $3,085/mo in rent and, after a $1,688/mo payment, leaves $627/mo in cash flow. Total monthly income is $3,085/mo, and annual cash flow is $7,521/yr on $114,334 invested. Return on cash invested sits at 26.49% in year one, and rental yield is 10.73% on a $344,900 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,290 over five years. Five-year ROI reaches 139.35% and total cumulative return in cash sums $159,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,085/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08110, Pennsauken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,087 (100%) |
| Owner Occupied HU | 4,586 (64.7%) |
| Renter Occupied HU | 2,047 (28.9%) |
| Vacant Housing Units | 454 ( 6.4%) |
| Median Home Value | $259,000 |
| Average Home Value | $335,158 |
Housing Distribution
Address Breakdown
Residential
6,834
Single Family
6,578
Multi-Family
256
Businesses
819
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Listed by: Donna Glenning • Weichert Realtors - Moorestown
Mls Name: Bright MLS
Mls ID: #NJCD2099470