23 Conwell 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
Rental property for sale in Cherry Hill at 23 Conwell Ave, Cherry Hill, NJ, 08002 generates $1,850/mo in rent, after a $1,272/mo payment. Total monthly income is $1,850/mo. Return on cash invested sits at 19.87% in year one, and rental yield is 8.54% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 103.92% and total cumulative return in cash sums $89,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,850/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
6,016 sqft 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: Christina Calvo • GenStone Realty LLC
Mls Name: Bright MLS
Mls ID: #NJCD2104550