455 Conger AveCollingswoodNJ08108
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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
Rental property for sale in Collingswood at 455 Conger Ave, Collingswood, NJ, 08108 priced at $360,000 converts $2,783/mo rent into $217/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,783/mo, and annual cash flow totals $2,604/yr on $119,340 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 9.28% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 115.76% and total cumulative return in cash sums $138,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,783/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Townhouse
Built in 1948
1,507 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08108, Collingswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,350 (100%) |
| Owner Occupied HU | 5,359 (64.2%) |
| Renter Occupied HU | 2,583 (30.9%) |
| Vacant Housing Units | 408 ( 4.9%) |
| Median Home Value | $429,272 |
| Average Home Value | $473,573 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
6,562
Multi-Family
1,730
Businesses
675
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Listed by: Mary Ann Fischer • BHHS Fox & Roach-Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2106716