297 Keasbey StSalemNJ08079
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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 Salem at 297 Keasbey St, Salem, NJ, 08079 with 5% annual appreciation on a $149,900 basis while $1,178/mo rent supports operations. Total monthly income totals $1,178/mo and a $734/mo payment preserves $109/mo for cash returns. Annual cash flow comes to $1,311/yr on $49,692 deployed, and return on cash invested reaches 22.55% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 9.43%. Five-year ROI measures 118.3% and total cumulative return in cash totals $58,787.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,178/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Listed by: Jonathan Jimenez Cardona • Keller Williams City Views Realty
Mls Name: GSMLS
Mls ID: #4008693