62 Eraser RdMoorestownNJ08057
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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 Moorestown at 62 Eraser Rd, Moorestown, NJ, 08057 offers $2,423/mo rent that, after a $1,590/mo payment, leaves $107/mo cash flow. Total monthly income is $2,423/mo, and annual cash flow is $1,289/yr on $107,704 cash. Return on cash invested measures 21.11% in year one, and rental yield stands at 8.95% at a $324,900 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,764 by year five. Five-year ROI records 110.51% and total cumulative return in cash reaches $119,021. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,423/mo property income versus a $1,590/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08057, Moorestown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,481 (100%) |
| Owner Occupied HU | 6,578 (77.6%) |
| Renter Occupied HU | 1,404 (16.6%) |
| Vacant Housing Units | 499 ( 5.9%) |
| Median Home Value | $672,455 |
| Average Home Value | $719,854 |
Housing Distribution
Address Breakdown
Residential
8,291
Single Family
7,746
Multi-Family
545
Businesses
1,200
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Listed by: Regina Parks • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJBL2102186