222 Echelon RdVoorheesNJ08043
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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 Voorhees at 222 Echelon Rd, Voorhees, NJ, 08043 priced at $239,999 converts $2,338/mo rent into $627/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,338/mo, and annual cash flow totals $7,524/yr on $79,560 invested. Return on cash invested prints 29.37% in year one, and rental yield reads 11.69% against a $239,999 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,307 by year five. Five-year ROI reaches 154.78% and total cumulative return in cash sums $123,146. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,338/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08043, Voorhees, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,731 (100%) |
| Owner Occupied HU | 7,690 (60.4%) |
| Renter Occupied HU | 4,422 (34.7%) |
| Vacant Housing Units | 619 ( 4.9%) |
| Median Home Value | $455,916 |
| Average Home Value | $479,773 |
Housing Distribution
Address Breakdown
Residential
12,439
Single Family
10,043
Multi-Family
2,396
Businesses
1,180
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Listed by: Michele Harker • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2108618