23 King AveMarltonNJ08053
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 23 King Ave, Marlton, NJ, 08053 in Marlton hard to pass up. The 10.15% gross yield on a $383,000 purchase results in $3,240/mo in rent and $510/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.88). Annual cash flow of $6,120, five-year appreciation of $105,816, and $3,527/yr in equity build-up combine for a projected total cumulative return of $179,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 5.2% |
| Monthly Cash Flow | $510 | $15,200 |
City averages based on Marlton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,240 |
| Total Monthly Debt Service | $2,578 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08053, Marlton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,074 (100%) |
| Owner Occupied HU | 14,180 (70.6%) |
| Renter Occupied HU | 5,181 (25.8%) |
| Vacant Housing Units | 713 ( 3.6%) |
| Median Home Value | $437,798 |
| Average Home Value | $462,679 |
Housing Distribution
Address Breakdown
Residential
19,953
Single Family
18,430
Multi-Family
1,523
Businesses
1,566
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
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08053, Marlton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,074 (100%) |
| Owner Occupied HU | 14,180 (70.6%) |
| Renter Occupied HU | 5,181 (25.8%) |
| Vacant Housing Units | 713 ( 3.6%) |
| Median Home Value | $437,798 |
| Average Home Value | $462,679 |
Housing Distribution
Address Breakdown
Residential
19,953
Single Family
18,430
Multi-Family
1,523
Businesses
1,566
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marc Matteo • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJBL2101158