619 Smick RdSalemNJ08079
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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 Salem at 619 Smick Rd, Salem, NJ, 08079 earns $206/mo cash flow from $3,235/mo rent with a $2,080/mo payment. Total monthly income totals $3,235/mo, and annual cash flow totals $2,470/yr on $140,888 capital. ROI tracks 21.66% on current figures, and rental yield reads 9.13% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 113.46% and total cumulative return in cash sums $159,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,235/mo property income instead of your personal income.
Single Family
Built in 1970
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Listed by: Neal Sheppard • Warner Real Estate & Auction Company
Mls Name: Bright MLS
Mls ID: #NJSA2016394