569 Sherry DrRunnemedeNJ08078
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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 Runnemede at 569 Sherry Dr, Runnemede, NJ, 08078 offers $2,400/mo rent that, after a $1,899/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 16.5% in year one, and rental yield stands at 7.42% at a $387,900 entry. Equity gained on principal adds $2,503/yr while 5% annual appreciation compounds into $107,170 by year five. Five-year ROI records 85.8% and total cumulative return in cash reaches $110,325. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $1,899/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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Listed by: Arthur Carr • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJCD2099624