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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Florence at 438 W Front St, Florence, NJ, 08518 offers $2,104/mo rent that, after a $1,175/mo payment, leaves $393/mo cash flow. Total monthly income is $2,104/mo, and annual cash flow is $4,716/yr on $79,560 cash. Return on cash invested measures 25.84% in year one, and rental yield stands at 10.52% at a $240,000 entry. Equity gained on principal adds $1,549/yr while 5% annual appreciation compounds into $66,308 by year five. Five-year ROI records 135.86% and total cumulative return in cash reaches $108,086. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,104/mo property income versus a $1,175/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
2,296 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kimberley D. Witkowski • Home Journey Realty
Mls Name: Bright MLS
Mls ID: #NJBL2096070
