315 Old White Horse PikeWaterford WorksNJ08089
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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
Rental property for sale in Waterford Works at 315 Old White Horse Pike, Waterford Works, NJ, 08089 offers $3,101/mo rent that, after a $1,539/mo payment, leaves $860/mo cash flow. Total monthly income is $3,101/mo, and annual cash flow is $10,315/yr on $104,257 cash. Return on cash invested measures 29.8% in year one, and rental yield stands at 11.83% at a $314,500 entry. Equity gained on principal adds $2,029/yr while 5% annual appreciation compounds into $86,891 by year five. Five-year ROI records 157.14% and total cumulative return in cash reaches $163,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,101/mo property income versus a $1,539/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08089, Waterford Works, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,640 (100%) |
| Owner Occupied HU | 1,333 (81.3%) |
| Renter Occupied HU | 222 (13.5%) |
| Vacant Housing Units | 85 ( 5.2%) |
| Median Home Value | $339,968 |
| Average Home Value | $422,907 |
Housing Distribution
Address Breakdown
Residential
1,509
Single Family
1,463
Multi-Family
46
Businesses
88
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Listed by: Megan Lopez-Cepero • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2100460