37 Elridge LnWillingboroNJ08046
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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
Rental property for sale in Willingboro at 37 Elridge Ln, Willingboro, NJ, 08046 priced at $390,000 pairs $3,882/mo rent with $1,102/mo cash flow after a $1,909/mo payment. Total monthly income equals $3,882/mo, and annual cash flow comes to $13,224/yr on $129,285 invested. Return on cash invested is 30.14% in year one, and rental yield stands at 11.94% on a $390,000 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 158.91% and total cumulative return in cash reaches $205,448. For financing, Ziffy Mortgage’s DSCR program evaluates $3,882/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
6,996 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08046, Willingboro, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,095 (100%) |
| Owner Occupied HU | 9,327 (77.1%) |
| Renter Occupied HU | 2,093 (17.3%) |
| Vacant Housing Units | 675 ( 5.6%) |
| Median Home Value | $277,462 |
| Average Home Value | $315,527 |
Housing Distribution
Address Breakdown
Residential
11,476
Single Family
11,256
Multi-Family
220
Businesses
593
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Listed by: Briana Mead • Realty Mark Advantage
Mls Name: Bright MLS
Mls ID: #NJBL2097164