448 Summer AveEdgewater ParkNJ08010
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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 Edgewater Park at 448 Summer Ave, Edgewater Park, NJ, 08010 earns $221/mo cash flow from $3,642/mo rent with a $2,349/mo payment. Total monthly income totals $3,642/mo, and annual cash flow totals $2,652/yr on $159,120 capital. ROI tracks 21.58% on current figures, and rental yield reads 9.11% at a $480,000 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash sums $179,789. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,642/mo property income instead of your personal income.
Single Family
Built in 1890
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08010, Beverly, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 3,038 (59.3%) |
| Renter Occupied HU | 1,788 (34.9%) |
| Vacant Housing Units | 300 ( 5.9%) |
| Median Home Value | $292,833 |
| Average Home Value | $342,385 |
Housing Distribution
Address Breakdown
Residential
4,955
Single Family
4,663
Multi-Family
292
Businesses
214
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Listed by: Maria Kennedy • BHHS Fox & Roach-Moorestown
Mls Name: Bright MLS
Mls ID: #NJBL2102994