308 Grant StSalemNJ08079
Nearby investment properties with comparable rents
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
Rental property for sale in Salem at 308 Grant St, Salem, NJ, 08079 offers $1,166/mo rent that, after a $759/mo payment, leaves $61/mo cash flow. Total monthly income is $1,166/mo, and annual cash flow is $730/yr on $51,383 cash. Return on cash invested measures 21.33% in year one, and rental yield stands at 9.03% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 111.71% and total cumulative return in cash reaches $57,400. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,166/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,676 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Austin Wuest • Society
Mls Name: Bright MLS
Mls ID: #NJSA2016764