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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 Pitman at 510 Elm Ave, Pitman, NJ, 08071 priced at $375,000 converts $3,360/mo rent into $688/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $8,250/yr on $124,313 invested. Return on cash invested prints 26.55% in year one, and rental yield reads 10.75% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 139.67% and total cumulative return in cash sums $173,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,256 (100%) |
| Owner Occupied HU | 3,097 (72.8%) |
| Renter Occupied HU | 860 (20.2%) |
| Vacant Housing Units | 299 ( 7.0%) |
| Median Home Value | $332,494 |
| Average Home Value | $359,976 |
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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: Robyn B Baselice • Weichert Realtors-Turnersville
Mls Name: Bright MLS
Mls ID: #NJGL2059876
