610 Passmore AveHammontonNJ08037
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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 Hammonton at 610 Passmore Ave, Hammonton, NJ, 08037 with 5% annual appreciation on a $549,900 basis while $3,514/mo rent supports operations. 37% in year one. Equity gained on principal adds $3,548/yr, and five-year appreciation sums $151,927 alongside rental yield of 7.67%. Five-year ROI measures 90.44% and total cumulative return in cash totals $163,622. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,514/mo property income versus a $2,691/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08037, Hammonton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,543 (100%) |
| Owner Occupied HU | 6,839 (71.7%) |
| Renter Occupied HU | 2,173 (22.8%) |
| Vacant Housing Units | 531 ( 5.6%) |
| Median Home Value | $408,668 |
| Average Home Value | $465,869 |
Housing Distribution
Address Breakdown
Residential
9,440
Single Family
9,293
Multi-Family
147
Businesses
944
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Listed by: Henry Philip Carr, IV • Crowley & Carr, Inc.
Mls Name: Bright MLS
Mls ID: #NJAC2019582