24 Westbury DrCherry HillNJ08003
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 24 Westbury Dr, Cherry Hill, NJ, 08003 in Cherry Hill: $4,294/mo in rent, $260/mo in net income, 9.1% gross yield, 1.69 DSCR, all at $565,888. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $156,344 in appreciation and $5,212/yr in principal paydown projects total cumulative return of $233,655.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.8% |
| Monthly Cash Flow | $260 | $1,850 |
City averages based on Cherry Hill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,294 |
| Total Monthly Debt Service | $3,808 |
| DSCR Ratio | 1.13x |
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 1974
10,415 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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 1974
10,415 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paris Luong • Tesla Realty Group LLC
Mls Name: Bright MLS
Mls ID: #NJCD2108414