32 2nd St, Elmer, NJ, 08318 | $279/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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32 2nd St, Elmer, NJ, 08318 | $279/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elmer at 32 2nd St, Elmer, NJ, 08318 offers a 9.51% rental yield on a $350,000 purchase with $2,774/mo rent. Total monthly income registers $2,774/mo, and a $1,713/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,352/yr on $116,025 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 119.59% and total cumulative return in cash at $138,758. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,774/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

*$2,892 per month @6.875% (7.10% APR) with 3.5% down *Payments and rates are subject to change without notice. Include 1% buy down rate for 12 months to those who qualify call the listing agent for more info visit our website for info. All products are subject to the buyer becoming a VIP buyer to qualify for benefits and products. Buy this home, if you are not satisfied in 18 months, I'll Buy it back or SELL IT FOR FREE! For information on this exclusive Buyer Protection Plan, call the listing agent directly see info below. *Nancy and seller must agree on price and timing.* Don't miss out on this updated and well maintained home with charm and character on a double lot in Elmer!!!! This Colonial home offers a blend of classic style and modern comfort. It features original wood trim and hardwood floors throughout. The spacious living room flows into a large dining room, perfect for family meals. The recently updated kitchen is bright and opens to a screened-in porch. Upstairs, you'll find three good-sized bedrooms and a newly updated bathroom. The finished third floor adds extra living space that could be a fourth bedroom, office, or playroom. It also includes a cedar closet and additional storage. Outside, the large double lot backyard provides plenty of room for outdoor activities, gardening, or relaxing. There's also a front porch and a screened back porch. The basement is partially finished and can be used as a home office or workout room. The house has a high-efficiency oil furnace, water heater, and central air. The two-car garage and large driveway offer plenty of parking. This home combines timeless charm with modern features, making it a great place to live. Schedule your private showing and see what Elmer has to offer you. If you would like to get the most up-to-date information on this home, call the actual listing agent see details below. *This home qualifies for a 1% buy down rate for our VIP buyers. *This one comes with a 12 month limited home warranty, a $500 Lender credit, a $100 Home Inspection Credit for our VIP Buyers. Call to become a VIP Buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,755 (100%)
Owner Occupied HU	3,883 (81.7%)
Renter Occupied HU	552 (11.6%)
Vacant Housing Units	320 ( 6.7%)
Median Home Value	$324,326
Average Home Value	$429,256