385 TavistockCherry HillNJ08034
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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 Cherry Hill at 385 Tavistock, Cherry Hill, NJ, 08034 offers $2,695/mo rent that, after a $1,591/mo payment, leaves $378/mo cash flow. Total monthly income is $2,695/mo, and annual cash flow is $4,538/yr on $107,738 cash. Return on cash invested measures 24.12% in year one, and rental yield stands at 9.95% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 126.7% and total cumulative return in cash reaches $136,501. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,695/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
5,358 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08034, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,806 (100%) |
| Owner Occupied HU | 5,847 (74.9%) |
| Renter Occupied HU | 1,640 (21.0%) |
| Vacant Housing Units | 319 ( 4.1%) |
| Median Home Value | $378,237 |
| Average Home Value | $404,007 |
Housing Distribution
Address Breakdown
Residential
7,668
Single Family
6,709
Multi-Family
959
Businesses
1,300
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Listed by: Sam Lepore • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJCD2103104