16 Madison AveLaurel SpringsNJ08021
Nearby investment properties with comparable rents
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
Investment property for sale in Laurel Springs at 16 Madison Ave, Laurel Springs, NJ, 08021 at $325,000 posts ROI 27.79% with $707/mo cash flow from $3,024/mo rent. Total monthly income equals $3,024/mo, and annual cash flow records $8,486/yr on $107,738 to close. Return on cash invested measures 27.79% and rental yield reads 11.17% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 146.35% and total cumulative return in cash totals $157,669.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,024/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08021, Clementon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,123 (100%) |
| Owner Occupied HU | 9,763 (42.2%) |
| Renter Occupied HU | 12,073 (52.2%) |
| Vacant Housing Units | 1,287 ( 5.6%) |
| Median Home Value | $242,139 |
| Average Home Value | $295,242 |
Housing Distribution
Address Breakdown
Residential
20,684
Single Family
20,191
Multi-Family
493
Businesses
721
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Listed by: Shilpika Doijode • Keller Williams Cornerstone Realty
Mls Name: Bright MLS
Mls ID: #NJCD2108370