18 Florence Tollgate Pl Unit 2FlorenceNJ08518
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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 Florence at 18 Florence Tollgate Pl Unit 2, Florence, NJ, 08518 offers $814/mo rent that, after a $524/mo payment, leaves $51/mo cash flow. Total monthly income is $814/mo, and annual cash flow is $612/yr on $35,471 cash. Return on cash invested measures 21.64% in year one, and rental yield stands at 9.13% at a $107,000 entry. Equity gained on principal adds $690/yr while 5% annual appreciation compounds into $29,562 by year five. Five-year ROI records 113.45% and total cumulative return in cash reaches $40,242. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $814/mo property income versus a $524/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
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Listed by: Anthony Ballina • Fathom Realty NJ, LLC
Mls Name: Bright MLS
Mls ID: #NJBL2104528