2864 Cushing RdCamdenNJ08104
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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 Camden at 2864 Cushing Rd, Camden, NJ, 08104 uses $53,040 cash to close to unlock $920/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $1,217/mo, and a $783/mo payment keeps the spread at $77/mo. Purchase price stands at $160,000, and rental yield measures 9.13% with $1,217/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 113.42% and total cumulative return in cash records $60,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,217/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1,529 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08104, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,685 (100%) |
| Owner Occupied HU | 2,486 (25.7%) |
| Renter Occupied HU | 5,929 (61.2%) |
| Vacant Housing Units | 1,270 (13.1%) |
| Median Home Value | $83,185 |
| Average Home Value | $136,318 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
8,096
Multi-Family
503
Businesses
410
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Listed by: Heigly Ortiz • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJCD2109846