250 Cleveland AvePitmanNJ08071
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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
Rental property for sale in Pitman at 250 Cleveland Ave, Pitman, NJ, 08071 generates $3,014/mo in rent, after a $2,203/mo payment. Total monthly income is $3,014/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 8.04% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 95.7% and total cumulative return in cash sums $142,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,014/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Housing Distribution
Address Breakdown
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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Listed by: Christopher Valianti • RE/MAX Preferred - Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJGL2065406