50 Chestnut StSalemNJ08079
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 50 Chestnut St, Salem, NJ, 08079 in Salem deserves attention. This $145,000 property earns $2,036/mo in rent, a 16.85% gross yield, and nets $990/mo after the $652/mo payment. DSCR 3.12 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $40,061 compounds alongside $1,335/yr in yearly equity build, for a total cumulative return of $119,278.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 16.9% | 6.2% |
| Monthly Cash Flow | $990 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,036 |
| Total Monthly Debt Service | $989 |
| DSCR Ratio | 2.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
2,622 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
2,622 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices