3028 Fenwick 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 3028 Fenwick Rd, Camden, NJ, 08104 uses $66,267 cash to close to unlock $1,243/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,528/mo, and a $978/mo payment keeps the spread at $104/mo. Purchase price stands at $199,900, and rental yield measures 9.17% with $1,528/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash records $75,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,528/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1920
1,725 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: Patrick Gorman • Keller Williams - Main Street
Mls Name: Bright MLS
Mls ID: #NJCD2109718