422 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
Investment property for sale in Cherry Hill at 422 Park Pl, Cherry Hill, NJ, 08002 at $259,000 posts ROI 25.38% with $392/mo cash flow from $2,238/mo rent. Total monthly income equals $2,238/mo, and annual cash flow records $4,699/yr on $85,859 to close. Return on cash invested measures 25.38% and rental yield reads 10.37% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 133.42% and total cumulative return in cash totals $114,556.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,238/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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: zack duz • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJCD2103614