200 N Union 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
Rental property for sale in Salem at 200 N Union St, Salem, NJ, 08079 priced at $155,000 converts $1,240/mo rent into $135/mo cash flow after a $759/mo obligation. Total monthly income equals $1,240/mo, and annual cash flow totals $1,618/yr on $51,383 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 9.6% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 120.96% and total cumulative return in cash sums $62,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,240/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1919
8,799 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: John Starcevich • Mahoney Realty Pennsville, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2016512