334 Craven Ave, Salem, NJ, 08079 | 8.5% Rental Yield

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334 Craven Ave, Salem, NJ, 08079 | 8.5% Rental Yield | 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

Rental property for sale in Salem at 334 Craven Ave, Salem, NJ, 08079 priced at $225,000 converts $1,594/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,594/mo. Return on cash invested prints 19.76% in year one, and rental yield reads 8.5% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 103.28% and total cumulative return in cash sums $77,037. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,594/mo property income covering a $1,101/mo payment, not borrower’s personal income.

Single Family

Built in 1928

10,350 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 334 Craven Ave, a charming Dutch Colonial home situated on a spacious corner lot in Salem. A large covered front porch sets a warm first impression and provides the perfect spot to relax outdoors. Inside, the main level offers original hardwood floors, abundant natural light, and a comfortable living room centered around a brick fireplace with built-in shelving. The kitchen provides a practical layout and functionality, and a half bath completes the first floor. Upstairs, you'll find three well-sized bedrooms and a full hall bath. A walk-up attic offers excellent storage space or the potential for future expansion. The full basement includes laundry hookups, making everyday routines easy and efficient. The property features a large yard with plenty of room for outdoor enjoyment, gardening, pets, or play. A detached outbuilding provides additional storage or workshop potential. 334 Craven Ave blends classic character with everyday comfort, offering space to enjoy now and the opportunity to add your personal touch over time. Schedule your showing and see the possibilities firsthand.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,126 (100%)
Owner Occupied HU	2,600 (50.7%)
Renter Occupied HU	1,885 (36.8%)
Vacant Housing Units	641 (12.5%)
Median Home Value	$260,543
Average Home Value	$350,401