416 Broad StElmerNJ08318
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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 Elmer at 416 Broad St, Elmer, NJ, 08318 priced at $519,900 pairs $3,598/mo rent with after a $2,545/mo payment. Total monthly income equals $3,598/mo. Return on cash invested is 19.3% in year one, and rental yield stands at 8.3% on a $519,900 basis. Equity gained on principal adds $3,355/yr, and 5% annual appreciation accumulates to $143,639 by year five. Five-year ROI measures 100.79% and total cumulative return in cash reaches $172,396. For financing, Ziffy Mortgage’s DSCR program evaluates $3,598/mo property income against a $2,545/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Jeffrey Hickman • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2016148