24 Haddon RdSomers PointNJ08244
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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 Somers Point at 24 Haddon Rd, Somers Point, NJ, 08244 listed at $519,900 pairs $4,013/mo rent with a $2,545/mo payment to leave $307/mo cash flow. Total monthly income runs $4,013/mo, and annual cash flow reaches $3,683/yr on $171,047 cash to close. Return on cash invested measures 22.21% in year one, and rental yield registers 9.26% at a $519,900 basis. Equity gained on principal adds $3,355/yr, and annual property appreciation at 5% supports $143,639 by year five. Five-year ROI tracks 116.4% and total cumulative return in cash totals $199,096. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,013/mo property income relative to a $2,545/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08244, Somers Point, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,679 (100%) |
| Owner Occupied HU | 2,757 (48.5%) |
| Renter Occupied HU | 2,185 (38.5%) |
| Vacant Housing Units | 737 (13.0%) |
| Median Home Value | $345,666 |
| Average Home Value | $439,854 |
Housing Distribution
Address Breakdown
Residential
5,396
Single Family
5,395
Multi-Family
1
Businesses
523
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Listed by: John Moore • Weichert - The Asbury Group
Mls Name: Bright MLS
Mls ID: #NJAC2019468