28 Forest Hill DrCherry HillNJ08003
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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 Cherry Hill at 28 Forest Hill Dr, Cherry Hill, NJ, 08003 offers a 9.02% rental yield on a $550,000 purchase with $4,135/mo rent. Total monthly income registers $4,135/mo, and a $2,692/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,576/yr on $180,950 to close, and return on cash invested stands at 21.48% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 112.5% and total cumulative return in cash at $203,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,135/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.25 Acres 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
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Listed by: Gloria Campos • HOF Realty
Mls Name: Bright MLS
Mls ID: #NJCD2109768