302 Cornell AveStratfordNJ08084
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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 Stratford at 302 Cornell Ave, Stratford, NJ, 08084 generates $3,820/mo in rent and, after a $1,957/mo payment, leaves $970/mo in cash flow. Total monthly income is $3,820/mo, and annual cash flow is $11,639/yr on $132,567 invested. Return on cash invested sits at 28.69% in year one, and rental yield is 11.46% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 151.15% and total cumulative return in cash sums $200,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,820/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08084, Stratford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,826 (100%) |
| Owner Occupied HU | 1,936 (68.5%) |
| Renter Occupied HU | 786 (27.8%) |
| Vacant Housing Units | 104 ( 3.7%) |
| Median Home Value | $262,113 |
| Average Home Value | $264,069 |
Housing Distribution
Address Breakdown
Residential
2,814
Single Family
2,814
Multi-Family
0
Businesses
189
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Listed by: Dave Beach • RE/MAX Community-Williamstown
Mls Name: Bright MLS
Mls ID: #NJCD2107712