31 8th StSalemNJ08079
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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 Salem at 31 8th St, Salem, NJ, 08079 listed at $175,000 pairs $1,388/mo rent with a $857/mo payment to leave $140/mo cash flow. Total monthly income runs $1,388/mo, and annual cash flow reaches $1,682/yr on $58,013 cash to close. Return on cash invested measures 22.81% in year one, and rental yield registers 9.52% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 119.72% and total cumulative return in cash totals $69,451. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,388/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
3,058 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
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Listed by: Sharon Cassaday • Better Property Management LLC
Mls Name: Bright MLS
Mls ID: #NJSA2017832