228 N Madison AveCherry HillNJ08002
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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 228 N Madison Ave, Cherry Hill, NJ, 08002 earns $775/mo cash flow from $4,338/mo rent with a $2,447/mo payment. Total monthly income totals $4,338/mo, and annual cash flow totals $9,295/yr on $165,717 capital. ROI tracks 25.52% on current figures, and rental yield reads 10.41% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 134.16% and total cumulative return in cash sums $222,324. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,338/mo property income instead of your personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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Listed by: Dan Mauz • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJCD2109250