316 Cherry Hill BlvdCherry HillNJ08002
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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 Cherry Hill at 316 Cherry Hill Blvd, Cherry Hill, NJ, 08002 offers $3,916/mo rent that, after a $2,105/mo payment, leaves $851/mo cash flow. Total monthly income is $3,916/mo, and annual cash flow is $10,208/yr on $142,545 cash. Return on cash invested measures 27.07% in year one, and rental yield stands at 10.93% at a $430,000 entry. Equity gained on principal adds $2,775/yr while 5% annual appreciation compounds into $118,801 by year five. Five-year ROI records 142.48% and total cumulative return in cash reaches $203,103. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,916/mo property income versus a $2,105/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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Listed by: Paul Podgorski • Premier Real Estate Corp.
Mls Name: Bright MLS
Mls ID: #NJCD2099966