424 Highland EstsClementonNJ08021
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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 Clementon at 424 Highland Ests, Clementon, NJ, 08021 uses $74,554 cash to close to unlock $10,005/yr annual cash flow and $834/mo monthly cash flow. Total monthly income runs $2,437/mo, and a $1,101/mo payment keeps the spread at $834/mo. Purchase price stands at $224,900, and rental yield measures 13% with $2,437/mo rent. Return on cash invested shows 33.33% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 176.06% and total cumulative return in cash records $131,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,437/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08021, Clementon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,123 (100%) |
| Owner Occupied HU | 9,763 (42.2%) |
| Renter Occupied HU | 12,073 (52.2%) |
| Vacant Housing Units | 1,287 ( 5.6%) |
| Median Home Value | $242,139 |
| Average Home Value | $295,242 |
Housing Distribution
Address Breakdown
Residential
20,684
Single Family
20,191
Multi-Family
493
Businesses
721
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Listed by: Donna Obrien • Keller Williams Realty - Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2100262