514 Race StPalmyraNJ08065
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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 Palmyra at 514 Race St, Palmyra, NJ, 08065 offers a 7.09% rental yield on a $379,900 purchase with $2,245/mo rent. 5% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 80.45% and total cumulative return in cash at $101,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,245/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08065, Palmyra, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,608 (100%) |
| Owner Occupied HU | 2,481 (68.8%) |
| Renter Occupied HU | 944 (26.2%) |
| Vacant Housing Units | 183 ( 5.1%) |
| Median Home Value | $261,831 |
| Average Home Value | $398,720 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,290
Multi-Family
28
Businesses
220
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Listed by: Jacob Mulder • Kinniebrew Associates, Inc.
Mls Name: Bright MLS
Mls ID: #NJBL2103770