555 Velde AvePennsaukenNJ08110
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
Investment property for sale in Pennsauken at 555 Velde Ave, Pennsauken, NJ, 08110 offers a 8.57% rental yield on a $315,000 purchase with $2,250/mo rent. Total monthly income registers $2,250/mo, and a $1,542/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $54/yr on $104,423 to close, and return on cash invested stands at 19.96% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 104.37% and total cumulative return in cash at $108,989. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08110, Pennsauken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,087 (100%) |
| Owner Occupied HU | 4,586 (64.7%) |
| Renter Occupied HU | 2,047 (28.9%) |
| Vacant Housing Units | 454 ( 6.4%) |
| Median Home Value | $259,000 |
| Average Home Value | $335,158 |
Housing Distribution
Address Breakdown
Residential
6,834
Single Family
6,578
Multi-Family
256
Businesses
819
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Geraghty - Wells • Weichert Realtors-Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJCD2106998