309 W 5th StPalmyraNJ08065
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
Investment property for sale in Palmyra at 309 W 5th St, Palmyra, NJ, 08065 earns $262/mo cash flow from $2,828/mo rent with a $1,762/mo payment. Total monthly income totals $2,828/mo, and annual cash flow totals $3,147/yr on $119,307 capital. ROI tracks 22.55% on current figures, and rental yield reads 9.43% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash sums $141,062. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,828/mo property income instead of your personal income.
Single Family
Built in 1940
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08065, Palmyra, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,608 (100%) |
| Owner Occupied HU | 2,481 (68.8%) |
| Renter Occupied HU | 944 (26.2%) |
| Vacant Housing Units | 183 ( 5.1%) |
| Median Home Value | $261,831 |
| Average Home Value | $398,720 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,290
Multi-Family
28
Businesses
220
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Listed by: Bayram Kose • RE/MAX Of Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJBL2095184