2830 Cleveland AveCamdenNJ08105
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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 Camden at 2830 Cleveland Ave, Camden, NJ, 08105 generates $2,275/mo in rent and, after a $1,162/mo payment, leaves $583/mo in cash flow. Total monthly income is $2,275/mo, and annual cash flow is $6,991/yr on $78,731 invested. Return on cash invested sits at 28.79% in year one, and rental yield is 11.49% on a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 151.71% and total cumulative return in cash sums $119,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,275/mo property income rather than buyer’s personal income.
Townhouse
Built in 1950
1,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08105, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,428 (100%) |
| Owner Occupied HU | 3,672 (38.9%) |
| Renter Occupied HU | 5,044 (53.5%) |
| Vacant Housing Units | 712 ( 7.6%) |
| Median Home Value | $119,307 |
| Average Home Value | $192,910 |
Housing Distribution
Address Breakdown
Residential
8,813
Single Family
8,190
Multi-Family
623
Businesses
443
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Listed by: Cordell Boyd • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2106520