401 Spruce StHaddonfieldNJ08033
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.14% gross rental yield, 401 Spruce St, Haddonfield, NJ, 08033 in Haddonfield is priced for capital growth, not immediate cash flow. The $700,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $193,397 by year five, with $6,447/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.95) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $140,258.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.2% |
| Monthly Cash Flow | $(1,989) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,000 |
| Total Monthly Debt Service | $4,711 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1929
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08033, Haddonfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,816 (100%) |
| Owner Occupied HU | 5,186 (66.4%) |
| Renter Occupied HU | 2,205 (28.2%) |
| Vacant Housing Units | 425 ( 5.4%) |
| Median Home Value | $603,659 |
| Average Home Value | $658,899 |
Housing Distribution
Address Breakdown
Residential
6,774
Single Family
6,295
Multi-Family
479
Businesses
668
Nearby investment properties with comparable rents
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
Single Family
Built in 1929
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08033, Haddonfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,816 (100%) |
| Owner Occupied HU | 5,186 (66.4%) |
| Renter Occupied HU | 2,205 (28.2%) |
| Vacant Housing Units | 425 ( 5.4%) |
| Median Home Value | $603,659 |
| Average Home Value | $658,899 |
Housing Distribution
Address Breakdown
Residential
6,774
Single Family
6,295
Multi-Family
479
Businesses
668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #NJCD2113132