313 Cherokee DrBrowns MillsNJ08015
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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 Browns Mills at 313 Cherokee Dr, Browns Mills, NJ, 08015 uses $149,175 cash to close to unlock $7,032/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $3,794/mo, and a $2,203/mo payment keeps the spread at $586/mo. Purchase price stands at $449,999, and rental yield measures 10.12% with $3,794/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $124,326 over five years. Five-year ROI reaches 129.34% and total cumulative return in cash records $192,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,794/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A