23 Buckingham PlCherry HillNJ08003
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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 Cherry Hill at 23 Buckingham Pl, Cherry Hill, NJ, 08003 offers $4,130/mo rent that, after a $2,692/mo payment, leaves $210/mo cash flow. Total monthly income is $4,130/mo, and annual cash flow is $2,516/yr on $180,950 cash. Return on cash invested measures 21.45% in year one, and rental yield stands at 9.01% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 112.32% and total cumulative return in cash reaches $203,242. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,130/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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Listed by: Maya Felsenstein • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2099808