55 Kenton AvePitmanNJ08071
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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 Pitman at 55 Kenton Ave, Pitman, NJ, 08071 priced at $475,000 converts $3,259/mo rent into after a $2,325/mo obligation. Total monthly income equals $3,259/mo. Return on cash invested prints 18.94% in year one, and rental yield reads 8.23% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 98.91% and total cumulative return in cash sums $155,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,259/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1905
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08071, Pitman, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,709
Single Family
3,698
Multi-Family
11
Businesses
297
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Listed by: Lindsay Genay • Keller Williams Realty - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJGL2068690