414 Park PlCherry HillNJ08002
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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 414 Park Pl, Cherry Hill, NJ, 08002 priced at $179,000 converts $1,426/mo rent into $150/mo cash flow after a $876/mo obligation. Total monthly income equals $1,426/mo, and annual cash flow totals $1,803/yr on $59,339 invested. Return on cash invested prints 22.95% in year one, and rental yield reads 9.56% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 120.43% and total cumulative return in cash sums $71,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,426/mo property income covering a $876/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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Listed by: Jackie Walther • Keller Williams - Main Street
Mls Name: Bright MLS
Mls ID: #NJCD2109330