246 W 4th StFlorenceNJ08518
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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
Investment Highlights
Rental property for sale in Florence at 246 W 4th St, Florence, NJ, 08518 priced at $415,000 pairs $5,536/mo rent with $2,578/mo cash flow after a $2,031/mo payment. Total monthly income equals $5,536/mo, and annual cash flow comes to $30,938/yr on $137,573 invested. Return on cash invested is 42.4% in year one, and rental yield stands at 16.01% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 224.69% and total cumulative return in cash reaches $309,117. For financing, Ziffy Mortgage’s DSCR program evaluates $5,536/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
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Listed by: Beverly Petix • SMIRES & ASSOCIATES
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2502753R
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