24 Chapel AveMerchantvilleNJ08109
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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 Merchantville at 24 Chapel Ave, Merchantville, NJ, 08109 earns $83/mo cash flow from $1,401/mo rent with a $905/mo payment. Total monthly income totals $1,401/mo, and annual cash flow totals $994/yr on $61,328 capital. ROI tracks 21.53% on current figures, and rental yield reads 9.09% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 112.77% and total cumulative return in cash sums $69,159. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,401/mo property income instead of your personal income.
Single Family
Built in 1890
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08109, Merchantville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,321 (100%) |
| Owner Occupied HU | 6,318 (67.8%) |
| Renter Occupied HU | 2,597 (27.9%) |
| Vacant Housing Units | 406 ( 4.4%) |
| Median Home Value | $280,019 |
| Average Home Value | $303,316 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,485
Multi-Family
1,449
Businesses
725
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Listed by: Rita O'Brien • Garden State Properties Group - Merchantville
Mls Name: Bright MLS
Mls ID: #NJCD2108600