156 Elmtowne BlvdHammontonNJ08037
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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
Rental property for sale in Hammonton at 156 Elmtowne Blvd, Hammonton, NJ, 08037 priced at $169,900 pairs $1,298/mo rent with $87/mo cash flow after a $832/mo payment. Total monthly income equals $1,298/mo, and annual cash flow comes to $1,039/yr on $56,322 invested. Return on cash invested is 21.75% in year one, and rental yield stands at 9.17% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 113.97% and total cumulative return in cash reaches $64,190. For financing, Ziffy Mortgage’s DSCR program evaluates $1,298/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08037, Hammonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,543 (100%) |
| Owner Occupied HU | 6,839 (71.7%) |
| Renter Occupied HU | 2,173 (22.8%) |
| Vacant Housing Units | 531 ( 5.6%) |
| Median Home Value | $408,668 |
| Average Home Value | $465,869 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
9,293
Multi-Family
147
Businesses
944
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Listed by: Michelle Perone • Weichert Realtors-Medford
Mls Name: Bright MLS
Mls ID: #NJCD2104838