321 West AvePitmanNJ08071
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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 Pitman at 321 West Ave, Pitman, NJ, 08071 listed at $314,900 pairs $2,783/mo rent with a $1,541/mo payment to leave $539/mo cash flow. Total monthly income runs $2,783/mo, and annual cash flow reaches $6,465/yr on $104,389 cash to close. Return on cash invested measures 26.1% in year one, and rental yield registers 10.61% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 137.29% and total cumulative return in cash totals $143,314. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,783/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Housing Distribution
Address Breakdown
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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Listed by: Steven Kempton • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2067882