24 N Chester AveRiversideNJ08075
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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 Riverside at 24 N Chester Ave, Riverside, NJ, 08075 offers a 10.16% rental yield on a $400,000 purchase with $3,386/mo rent. Total monthly income registers $3,386/mo, and a $1,958/mo payment leaves $535/mo available for distribution. Annual cash flow reaches $6,416/yr on $132,600 to close, and return on cash invested stands at 24.75% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 130.03% and total cumulative return in cash at $172,420. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,386/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,997 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Marsha Jackson-Conley • Weichert Realtors-Turnersville
Mls Name: Bright MLS
Mls ID: #NJBL2102796