409 West AvePitmanNJ08071
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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 Pitman at 409 West Ave, Pitman, NJ, 08071 with 5% annual appreciation on a $349,000 basis while $3,262/mo rent supports operations. Total monthly income totals $3,262/mo and a $1,708/mo payment preserves $775/mo for cash returns. Annual cash flow comes to $9,295/yr on $115,694 deployed, and return on cash invested reaches 27.94% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 11.22%. Five-year ROI measures 147.16% and total cumulative return in cash totals $170,256.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,262/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
7,200 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Housing Distribution
Address Breakdown
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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Listed by: Samantha Torres • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJGL2065504