405 Barclay TowersCherry 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
Investment property for sale in Cherry Hill at 405 Barclay Towers, Cherry Hill, NJ, 08034 with 5% annual appreciation on a $170,000 basis while $1,336/mo rent supports operations. Total monthly income totals $1,336/mo and a $832/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,492/yr on $56,355 deployed, and return on cash invested reaches 22.56% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 9.43%. Five-year ROI measures 118.32% and total cumulative return in cash totals $66,681.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,336/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1966
N/A 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: Michael Carr • Keller Williams Realty - Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2107266