59 Turtle Creek DrMedfordNJ08055
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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 Medford at 59 Turtle Creek Dr, Medford, NJ, 08055 uses $69,615 cash to close to unlock $6,144/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $2,009/mo, and a $1,028/mo payment keeps the spread at $512/mo. Purchase price stands at $209,999, and rental yield measures 11.48% with $2,009/mo rent. Return on cash invested shows 28.73% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 151.37% and total cumulative return in cash records $105,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,009/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08055, Medford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,320 (100%) |
| Owner Occupied HU | 9,483 (83.8%) |
| Renter Occupied HU | 1,381 (12.2%) |
| Vacant Housing Units | 456 ( 4.0%) |
| Median Home Value | $541,260 |
| Average Home Value | $560,563 |
Housing Distribution
Address Breakdown
Residential
11,531
Single Family
11,489
Multi-Family
42
Businesses
1,049
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Listed by: Jody Pagliuso • BHHS Fox & Roach-Medford
Mls Name: Bright MLS
Mls ID: #NJBL2103240