420 Elderberry CtMount LaurelNJ08054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Laurel at 420 Elderberry Ct, Mount Laurel, NJ, 08054 offers a 9.05% rental yield on a $485,000 purchase with $3,658/mo rent. Total monthly income registers $3,658/mo, and a $2,374/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,410/yr on $160,778 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 112.11% and total cumulative return in cash at $180,254. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,658/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08054, Mount Laurel, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,468 (100%) |
| Owner Occupied HU | 15,068 (70.2%) |
| Renter Occupied HU | 5,272 (24.6%) |
| Vacant Housing Units | 1,128 ( 5.3%) |
| Median Home Value | $451,760 |
| Average Home Value | $477,584 |
Housing Distribution
Address Breakdown
Residential
20,515
Single Family
19,263
Multi-Family
1,252
Businesses
1,633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olga St.Pierre • Keller Williams Real Estate-Langhorne
Mls Name: Bright MLS
Mls ID: #NJBL2093864