342 Cressmont AveBlackwoodNJ08012
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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 Blackwood at 342 Cressmont Ave, Blackwood, NJ, 08012 priced at $399,999 converts $3,146/mo rent into $295/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,146/mo, and annual cash flow totals $3,536/yr on $132,600 invested. Return on cash invested prints 22.58% in year one, and rental yield reads 9.44% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 118.37% and total cumulative return in cash sums $156,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,146/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1955
9,374 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08012, Blackwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,255 (100%) |
| Owner Occupied HU | 10,543 (64.9%) |
| Renter Occupied HU | 4,943 (30.4%) |
| Vacant Housing Units | 769 ( 4.7%) |
| Median Home Value | $318,388 |
| Average Home Value | $368,646 |
Housing Distribution
Address Breakdown
Residential
15,512
Single Family
15,120
Multi-Family
392
Businesses
1,436
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Listed by: Nicholas Jacoby • Excel Realty & Property Management
Mls Name: Bright MLS
Mls ID: #NJCD2106790