6 Rhode Island AveCherry HillNJ08002
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeCapital preservation and steady income define 6 Rhode Island Ave, Cherry Hill, NJ, 08002 in Cherry Hill. Rental yield 8.06%. The 1.49 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $59,401 and $1,980/yr in principal reduction project total return of $76,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.8% |
| Monthly Cash Flow | $(88) | $1,850 |
City averages based on Cherry Hill market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,444 |
| Total Monthly Debt Service | $1,447 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1942
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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
Single Family
Built in 1942
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #NJCD2111752