524 Highland EstsClementonNJ08021
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
Investment Highlights
Rental property for sale in Clementon at 524 Highland Ests, Clementon, NJ, 08021 priced at $258,500 converts $2,194/mo rent into $352/mo cash flow after a $1,265/mo obligation. Total monthly income equals $2,194/mo, and annual cash flow totals $4,220/yr on $85,693 invested. Return on cash invested prints 24.83% in year one, and rental yield reads 10.18% against a $258,500 entry. Equity gained on principal adds $1,668/yr, while 5% annual appreciation compiles into $71,419 by year five. Five-year ROI reaches 130.5% and total cumulative return in cash sums $111,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,194/mo property income covering a $1,265/mo payment, not borrower’s personal income.
Apartment
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08021, Clementon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,123 (100%) |
| Owner Occupied HU | 9,763 (42.2%) |
| Renter Occupied HU | 12,073 (52.2%) |
| Vacant Housing Units | 1,287 ( 5.6%) |
| Median Home Value | $242,139 |
| Average Home Value | $295,242 |
Housing Distribution
Address Breakdown
Residential
20,684
Single Family
20,191
Multi-Family
493
Businesses
721
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Gesswein • Houwzer LLC-Haddonfield
Mls Name: Bright MLS
Mls ID: #NJCD2109040