242 Hidden DrBlackwoodNJ08012
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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 Blackwood at 242 Hidden Dr, Blackwood, NJ, 08012 offers a 11.82% rental yield on a $369,900 purchase with $3,644/mo rent. Total monthly income registers $3,644/mo, and a $1,810/mo payment leaves $1,008/mo available for distribution. Annual cash flow reaches $12,095/yr on $122,622 to close, and return on cash invested stands at 29.77% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 156.97% and total cumulative return in cash at $192,478. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,644/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2004
2,808 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08012, Blackwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,255 (100%) |
| Owner Occupied HU | 10,543 (64.9%) |
| Renter Occupied HU | 4,943 (30.4%) |
| Vacant Housing Units | 769 ( 4.7%) |
| Median Home Value | $318,388 |
| Average Home Value | $368,646 |
Housing Distribution
Address Breakdown
Residential
15,512
Single Family
15,120
Multi-Family
392
Businesses
1,436
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Listed by: Michael Chuppe • Weichert Realtors-Haddonfield
Mls Name: Bright MLS
Mls ID: #NJCD2109848