523 W 5th 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 523 W 5th St, Palmyra, NJ, 08065 uses $129,285 cash to close to unlock $5,112/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $3,206/mo, and a $1,909/mo payment keeps the spread at $426/mo. Purchase price stands at $389,999, and rental yield measures 9.86% with $3,206/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 125.26% and total cumulative return in cash records $161,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,206/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 1940
3,920 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: homecoin.com Minerick • Homecoin.com
Mls Name: Bright MLS
Mls ID: #NJBL2093896