218 E Somerdale RdSomerdaleNJ08083
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Somerdale at 218 E Somerdale Rd, Somerdale, NJ, 08083 offers a 9.47% rental yield on a $379,999 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,860/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,496/yr on $125,970 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 118.98% and total cumulative return in cash at $149,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08083, Somerdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,007 (100%) |
| Owner Occupied HU | 2,862 (71.4%) |
| Renter Occupied HU | 962 (24.0%) |
| Vacant Housing Units | 183 ( 4.6%) |
| Median Home Value | $312,500 |
| Average Home Value | $396,765 |
Housing Distribution
Address Breakdown
Residential
3,991
Single Family
3,991
Multi-Family
0
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marybeth Oates • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2108500