2 New Bridge Rd #F-02SalemNJ08079
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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 2 New Bridge Rd #F-02, Salem, NJ, 08079 generates $871/mo in rent and, after a $563/mo payment, leaves $51/mo in cash flow. Total monthly income is $871/mo, and annual cash flow is $614/yr on $38,123 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 9.09% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 112.81% and total cumulative return in cash sums $43,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $871/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
N/A 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: Dale Mull • Garden Homes Management
Mls Name: My State MLS
Mls ID: #11535947