232 Garden TerRunnemedeNJ08078
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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 Runnemede at 232 Garden Ter, Runnemede, NJ, 08078 offers $2,819/mo rent that, after a $1,835/mo payment, leaves $147/mo cash flow. Total monthly income is $2,819/mo, and annual cash flow is $1,758/yr on $124,313 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 9.02% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 111.67% and total cumulative return in cash reaches $138,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,819/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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Listed by: Pamela Perini • BHHS Fox & Roach-Medford
Mls Name: Bright MLS
Mls ID: #NJCD2105832