3 Cher Dr #3CHPittsgroveNJ08318
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Nearby investment properties with comparable prices
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 Pittsgrove at 3 Cher Dr #3CH, Pittsgrove, NJ, 08318 offers a 9.05% rental yield on a $119,900 purchase with $904/mo rent. Total monthly income registers $904/mo, and a $587/mo payment leaves $49/mo available for distribution. Annual cash flow reaches $591/yr on $39,747 to close, and return on cash invested stands at 21.4% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 112.13% and total cumulative return in cash at $44,568. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $904/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Tori Coil • Picnic Grove
Mls Name: My State MLS
Mls ID: #11615395