179 Victory AveSalemNJ08079
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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 Salem at 179 Victory Ave, Salem, NJ, 08079 priced at $248,000 converts $1,775/mo rent into $7/mo cash flow after a $1,214/mo obligation. Total monthly income equals $1,775/mo, and annual cash flow totals $86/yr on $82,212 invested. Return on cash invested prints 20.01% in year one, and rental yield reads 8.59% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 104.68% and total cumulative return in cash sums $86,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,775/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Single Family
Built in 1945
7,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Listed by: Bradley Perez • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2016762