316 Garden AveSomerdaleNJ08083
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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 Somerdale at 316 Garden Ave, Somerdale, NJ, 08083 priced at $249,900 converts $1,670/mo rent into after a $1,223/mo obligation. Total monthly income equals $1,670/mo. Return on cash invested prints 18.3% in year one, and rental yield reads 8.02% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 95.43% and total cumulative return in cash sums $79,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,670/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1940
3,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08083, Somerdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,007 (100%) |
| Owner Occupied HU | 2,862 (71.4%) |
| Renter Occupied HU | 962 (24.0%) |
| Vacant Housing Units | 183 ( 4.6%) |
| Median Home Value | $312,500 |
| Average Home Value | $396,765 |
Housing Distribution
Address Breakdown
Residential
3,991
Single Family
3,991
Multi-Family
0
Businesses
241
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Listed by: Rob Bunis • Prime Realty Partners
Mls Name: Bright MLS
Mls ID: #NJCD2102878