424 Center AveRunnemedeNJ08078
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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 Runnemede at 424 Center Ave, Runnemede, NJ, 08078 uses $99,417 cash to close to unlock $5,427/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $2,590/mo, and a $1,468/mo payment keeps the spread at $452/mo. Purchase price stands at $299,900, and rental yield measures 10.36% with $2,590/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 133.38% and total cumulative return in cash records $132,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,590/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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Listed by: Jason Gareau • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #NJCD2101508