423 W Broad StPalmyraNJ08065
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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 Palmyra at 423 W Broad St, Palmyra, NJ, 08065 offers a 9.01% rental yield on a $169,000 purchase with $1,269/mo rent. Total monthly income registers $1,269/mo, and a $827/mo payment leaves $65/mo available for distribution. Annual cash flow reaches $775/yr on $56,024 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 111.5% and total cumulative return in cash at $62,467. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,269/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08065, Palmyra, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,608 (100%) |
| Owner Occupied HU | 2,481 (68.8%) |
| Renter Occupied HU | 944 (26.2%) |
| Vacant Housing Units | 183 ( 5.1%) |
| Median Home Value | $261,831 |
| Average Home Value | $398,720 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,290
Multi-Family
28
Businesses
220
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Listed by: Janet Brandenburger • Keller Williams Realty - Ocean City
Mls Name: Bright MLS
Mls ID: #NJBL2102520