312 Browning LnCherry HillNJ08003
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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 Cherry Hill at 312 Browning Ln, Cherry Hill, NJ, 08003 priced at $485,000 pairs $3,988/mo rent with $531/mo cash flow after a $2,374/mo payment. Total monthly income equals $3,988/mo, and annual cash flow comes to $6,370/yr on $160,778 invested. Return on cash invested is 23.87% in year one, and rental yield stands at 9.87% on a $485,000 basis. Equity gained on principal adds $3,130/yr, and 5% annual appreciation accumulates to $133,997 by year five. Five-year ROI measures 125.32% and total cumulative return in cash reaches $201,482. For financing, Ziffy Mortgage’s DSCR program evaluates $3,988/mo property income against a $2,374/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
9,374 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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Listed by: Kaitlynn Perrotta • Weichert Realtors-Haddonfield
Mls Name: Bright MLS
Mls ID: #NJCD2108656