216 Fenimore LnDelancoNJ08075
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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 Delanco at 216 Fenimore Ln, Delanco, NJ, 08075 uses $147,518 cash to close to unlock $2,246/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $3,359/mo, and a $2,178/mo payment keeps the spread at $187/mo. Purchase price stands at $445,000, and rental yield measures 9.06% with $3,359/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 112.26% and total cumulative return in cash records $165,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,359/mo property income covering a $2,178/mo payment rather than investor’s personal income.
Single Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Lorraine Fazekas • RE/MAX at Home
Mls Name: Bright MLS
Mls ID: #NJBL2091242