157 Elmtowne BlvdHammontonNJ08037
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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 Hammonton at 157 Elmtowne Blvd, Hammonton, NJ, 08037 generates $1,655/mo in rent, after a $1,199/mo payment. Total monthly income is $1,655/mo. Return on cash invested sits at 18.56% in year one, and rental yield is 8.11% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 96.93% and total cumulative return in cash sums $78,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,655/mo property income rather than buyer’s personal income.
Condo
Built in 1969
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: Ms. Mary Farrell • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2100920