507 Rand StCamdenNJ08105
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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 Camden at 507 Rand St, Camden, NJ, 08105 priced at $275,000 converts $2,296/mo rent into $336/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,296/mo, and annual cash flow totals $4,030/yr on $91,163 invested. Return on cash invested prints 24.33% in year one, and rental yield reads 10.02% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 127.79% and total cumulative return in cash sums $116,495. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,296/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Multi Family
Built in 1942
2,469 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08105, Camden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,428 (100%) |
| Owner Occupied HU | 3,672 (38.9%) |
| Renter Occupied HU | 5,044 (53.5%) |
| Vacant Housing Units | 712 ( 7.6%) |
| Median Home Value | $119,307 |
| Average Home Value | $192,910 |
Housing Distribution
Address Breakdown
Residential
8,813
Single Family
8,190
Multi-Family
623
Businesses
443
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