601 W Evesham AveMagnoliaNJ08049
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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 Magnolia at 601 W Evesham Ave, Magnolia, NJ, 08049 with 5% annual appreciation on a $242,000 basis while $3,376/mo rent supports operations. Total monthly income totals $3,376/mo and a $1,184/mo payment preserves $1,559/mo for cash returns. Annual cash flow comes to $18,703/yr on $80,223 deployed, and return on cash invested reaches 43.22% in year one. Equity gained on principal adds $1,562/yr, and five-year appreciation sums $66,860 alongside rental yield of 16.74%. Five-year ROI measures 229.6% and total cumulative return in cash totals $184,194.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,376/mo property income versus a $1,184/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08049, Magnolia, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,242 (100%) |
| Owner Occupied HU | 1,616 (72.1%) |
| Renter Occupied HU | 532 (23.7%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $271,498 |
| Average Home Value | $462,888 |
Housing Distribution
Address Breakdown
Residential
2,192
Single Family
2,039
Multi-Family
153
Businesses
101
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Nearby investment properties with comparable prices
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