362 S 3rd StHammontonNJ08037
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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
Investment property for sale in Hammonton at 362 S 3rd St, Hammonton, NJ, 08037 uses $106,047 cash to close to unlock $1,363/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,566/mo payment keeps the spread at $114/mo. Purchase price stands at $319,900, and rental yield measures 8.98% with $2,394/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 110.98% and total cumulative return in cash records $117,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08037, Hammonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,543 (100%) |
| Owner Occupied HU | 6,839 (71.7%) |
| Renter Occupied HU | 2,173 (22.8%) |
| Vacant Housing Units | 531 ( 5.6%) |
| Median Home Value | $408,668 |
| Average Home Value | $465,869 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
9,293
Multi-Family
147
Businesses
944
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Listed by: Joe Wiessner • Joe Wiessner Realty LLC
Mls Name: Bright MLS
Mls ID: #NJAC2019380