33 Cedar Ave, Pitman, NJ, 08071 | $439/mo Cash Flow

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33 Cedar Ave, Pitman, NJ, 08071 | $439/mo Cash Flow | Ziffy

For Sale

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 Pitman at 33 Cedar Ave, Pitman, NJ, 08071 offers a 9.84% rental yield on a $409,900 purchase with $3,360/mo rent. Total monthly income registers $3,360/mo, and a $2,006/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,263/yr on $135,882 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $2,645/yr while 5% annual appreciation supports $113,248 over five years. Portfolio math shows five-year ROI at 124.85% and total cumulative return in cash at $169,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $2,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Everyone loves Pitman and you'll love your new home there too! Curb appeal galore as you pull up to this 3 or 4 bedroom, 2 full bath home that's been lovingly maintained. This wonderful home has been renovated and updated in recent years so there's literally nothing to do but unpack your bags and start enjoying this special community with a hometown feel that everybody hopes to have! Downstairs you have an open concept living room/dining area, a main floor bedroom and full bath, an updated kitchen and a bonus room that had been used as a 4th bedroom until the current owners recently became empty nesters. Upstairs you have an additional 2 bedrooms and a second full bath. Out back you have a partially fenced in, oversized back yard and a shed to store your outside tools and toys. A full basement, clean and dry offers lots of additional space, to finish off and have a hobby room or exercise room, you name it! You'll love your view out of the front windows being situated across from Alcyon Lake and Betty Park and being located within walking distance to the historical downtown shopping and dining area, you'll soon begin to enjoy all things Pitman! So don't delay and schedule your tour today. You're going to love it here!

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