413 W 1st AveRunnemedeNJ08078
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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 Runnemede at 413 W 1st Ave, Runnemede, NJ, 08078 listed at $350,500 pairs $2,929/mo rent with a $1,716/mo payment to leave $430/mo cash flow. Total monthly income runs $2,929/mo, and annual cash flow reaches $5,163/yr on $116,191 cash to close. Return on cash invested measures 24.35% in year one, and rental yield registers 10.03% at a $350,500 basis. Equity gained on principal adds $2,262/yr, and annual property appreciation at 5% supports $96,837 by year five. Five-year ROI tracks 127.93% and total cumulative return in cash totals $148,647. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,929/mo property income relative to a $1,716/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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Listed by: N/A • N/A
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