2 9th StSalemNJ08079
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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 Salem at 2 9th St, Salem, NJ, 08079 earns $119/mo cash flow from $1,395/mo rent with a $876/mo payment. Total monthly income totals $1,395/mo, and annual cash flow totals $1,431/yr on $59,339 capital. ROI tracks 22.32% on current figures, and rental yield reads 9.35% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash sums $69,471. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,395/mo property income instead of your personal income.
Single Family
Built in 1929
4,000 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: JILL LEAP, ABR • BALSLEY/LOSCO
Mls Name: SJSRMLS
Mls ID: #604087