610 W Chestnut AveMerchantvilleNJ08109
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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 Merchantville at 610 W Chestnut Ave, Merchantville, NJ, 08109 uses $116,025 cash to close to unlock $5,284/yr annual cash flow and $440/mo monthly cash flow. Total monthly income runs $2,935/mo, and a $1,713/mo payment keeps the spread at $440/mo. Purchase price stands at $350,000, and rental yield measures 10.06% with $2,935/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 128.52% and total cumulative return in cash records $149,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,935/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08109, Merchantville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,321 (100%) |
| Owner Occupied HU | 6,318 (67.8%) |
| Renter Occupied HU | 2,597 (27.9%) |
| Vacant Housing Units | 406 ( 4.4%) |
| Median Home Value | $280,019 |
| Average Home Value | $303,316 |
Housing Distribution
Address Breakdown
Residential
8,934
Single Family
7,485
Multi-Family
1,449
Businesses
725
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Listed by: Eric Fallon • Weichert Realtors-Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJCD2104244