1615 Ellis AveLaurel SpringsNJ08021
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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
Investment property for sale in Laurel Springs at 1615 Ellis Ave, Laurel Springs, NJ, 08021 offers a 11.29% rental yield on a $369,900 purchase with $3,479/mo rent. Total monthly income registers $3,479/mo, and a $1,810/mo payment leaves $843/mo available for distribution. Annual cash flow reaches $10,115/yr on $122,622 to close, and return on cash invested stands at 28.16% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 148.3% and total cumulative return in cash at $181,846. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,479/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.46 Acres 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: Haci Kose • RE/MAX Of Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2107678