33 Florence Tollgate Pl UNIT 6FlorenceNJ08518
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Nearby investment properties with comparable prices
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 Florence at 33 Florence Tollgate Pl UNIT 6, Florence, NJ, 08518 priced at $159,900 pairs $1,229/mo rent with $89/mo cash flow after a $783/mo payment. Total monthly income equals $1,229/mo, and annual cash flow comes to $1,067/yr on $53,007 invested. Return on cash invested is 21.92% in year one, and rental yield stands at 9.22% on a $159,900 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,177 by year five. Five-year ROI measures 114.88% and total cumulative return in cash reaches $60,894. For financing, Ziffy Mortgage’s DSCR program evaluates $1,229/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
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Listed by: Anjani Kumar • ERA Central Realty Group - Bordentown
Mls Name: Bright MLS
Mls ID: #NJBL2095538