605 N Atlantic Ave UNIT 208CollingswoodNJ08108
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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 Collingswood at 605 N Atlantic Ave UNIT 208, Collingswood, NJ, 08108 generates $2,701/mo in rent and, after a $1,640/mo payment, leaves $313/mo in cash flow. Total monthly income is $2,701/mo, and annual cash flow is $3,754/yr on $111,053 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 9.68% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 122.2% and total cumulative return in cash sums $135,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,701/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08108, Collingswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,350 (100%) |
| Owner Occupied HU | 5,359 (64.2%) |
| Renter Occupied HU | 2,583 (30.9%) |
| Vacant Housing Units | 408 ( 4.9%) |
| Median Home Value | $429,272 |
| Average Home Value | $473,573 |
Housing Distribution
Address Breakdown
Residential
8,292
Single Family
6,562
Multi-Family
1,730
Businesses
675
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Listed by: Tom Sadler • Ovation Realty LLC
Mls Name: Bright MLS
Mls ID: #NJCD2100222