308 Saunders AveBellmawrNJ08031
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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 Bellmawr at 308 Saunders Ave, Bellmawr, NJ, 08031 offers a 9.86% rental yield on a $240,000 purchase with $1,972/mo rent. Total monthly income registers $1,972/mo, and a $1,175/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,132/yr on $79,560 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 125.16% and total cumulative return in cash at $99,578. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,972/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08031, Bellmawr, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,012 (100%) |
| Owner Occupied HU | 3,218 (64.2%) |
| Renter Occupied HU | 1,634 (32.6%) |
| Vacant Housing Units | 160 ( 3.2%) |
| Median Home Value | $294,946 |
| Average Home Value | $379,738 |
Housing Distribution
Address Breakdown
Residential
4,888
Single Family
4,475
Multi-Family
413
Businesses
242
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Listed by: Alyssa Nestoras • BHHS Fox & Roach-Mt Laurel
Mls Name: Bright MLS
Mls ID: #NJCD2101446