1655 Conrad AveWaterford WorksNJ08089
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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 Waterford Works at 1655 Conrad Ave, Waterford Works, NJ, 08089 uses $149,142 cash to close to unlock $6,015/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $3,708/mo, and a $2,202/mo payment keeps the spread at $501/mo. Purchase price stands at $449,900, and rental yield measures 9.89% with $3,708/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 125.72% and total cumulative return in cash records $187,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,708/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1967
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08089, Waterford Works, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,333 (81.3%) |
| Renter Occupied HU | 222 (13.5%) |
| Vacant Housing Units | 85 ( 5.2%) |
| Median Home Value | $339,968 |
| Average Home Value | $422,907 |
Housing Distribution
Address Breakdown
Residential
1,509
Single Family
1,463
Multi-Family
46
Businesses
88
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Listed by: Robert Greenblatt • Weichert Realtors - Moorestown
Mls Name: Bright MLS
Mls ID: #NJCD2109888