203 Horse Shoe CtCherry HillNJ08034
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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 Cherry Hill at 203 Horse Shoe Ct, Cherry Hill, NJ, 08034 offers a 8.79% rental yield on a $709,900 purchase with $5,200/mo rent. Total monthly income registers $5,200/mo, and a $3,475/mo payment leaves $140/mo available for distribution. Annual cash flow reaches $1,675/yr on $233,557 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $4,581/yr while 5% annual appreciation supports $196,132 over five years. Portfolio math shows five-year ROI at 108.7% and total cumulative return in cash at $253,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,200/mo property income against a $3,475/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08034, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,806 (100%) |
| Owner Occupied HU | 5,847 (74.9%) |
| Renter Occupied HU | 1,640 (21.0%) |
| Vacant Housing Units | 319 ( 4.1%) |
| Median Home Value | $378,237 |
| Average Home Value | $404,007 |
Housing Distribution
Address Breakdown
Residential
7,668
Single Family
6,709
Multi-Family
959
Businesses
1,300
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Listed by: Evelyn Kramer Imbesi • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJCD2102386