2937 Carman StCamdenNJ08105
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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 2937 Carman St, Camden, NJ, 08105 uses $59,670 cash to close to unlock $13,392/yr annual cash flow and $1,116/mo monthly cash flow. Total monthly income runs $2,399/mo, and a $881/mo payment keeps the spread at $1,116/mo. Purchase price stands at $180,000, and rental yield measures 15.99% with $2,399/mo rent. Return on cash invested shows 42.35% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 224.42% and total cumulative return in cash records $133,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,399/mo property income covering a $881/mo payment rather than investor’s personal income.
Townhouse
Built in 1925
1,498 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: Brenda Richmond • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJCD2105338