








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Pitman at 178 Esplanade Ave, Pitman, NJ, 08071 priced at $480,000 converts $3,389/mo rent into after a $2,349/mo obligation. Total monthly income equals $3,389/mo. Return on cash invested prints 19.67% in year one, and rental yield reads 8.47% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 102.76% and total cumulative return in cash sums $163,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,389/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Michael Lentz • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJGL2060616