34 Lafayette LnCherry HillNJ08003
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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 Cherry Hill at 34 Lafayette Ln, Cherry Hill, NJ, 08003 at $374,999 posts ROI 18.54% with from $2,531/mo rent. Total monthly income equals $2,531/mo. Return on cash invested measures 18.54% and rental yield reads 8.1% at the current $374,999. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,605 by year five. Five-year ROI prints 96.76% and total cumulative return in cash totals $120,279. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,531/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08003, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,450 (100%) |
| Owner Occupied HU | 9,911 (79.6%) |
| Renter Occupied HU | 1,954 (15.7%) |
| Vacant Housing Units | 585 ( 4.7%) |
| Median Home Value | $454,295 |
| Average Home Value | $495,065 |
Housing Distribution
Address Breakdown
Residential
11,937
Single Family
11,251
Multi-Family
686
Businesses
808
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Listed by: Marc Bennett • KW Empower
Mls Name: Bright MLS
Mls ID: #NJCD2102210