214 S White Horse PikeWaterford WorksNJ08089
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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 Waterford Works at 214 S White Horse Pike, Waterford Works, NJ, 08089 priced at $299,000 converts $2,103/mo rent into after a $1,463/mo obligation. Total monthly income equals $2,103/mo. Return on cash invested prints 19.57% in year one, and rental yield reads 8.44% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 102.31% and total cumulative return in cash sums $101,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,103/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08089, Waterford Works, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,333 (81.3%) |
| Renter Occupied HU | 222 (13.5%) |
| Vacant Housing Units | 85 ( 5.2%) |
| Median Home Value | $339,968 |
| Average Home Value | $422,907 |
Housing Distribution
Address Breakdown
Residential
1,509
Single Family
1,463
Multi-Family
46
Businesses
88
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Listed by: Susan Grimm • BHHS Fox & Roach-Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2101974