687 Fairview 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
Rental property for sale in Hammonton at 687 Fairview Ave, Hammonton, NJ, 08037 priced at $310,000 converts $3,082/mo rent into $873/mo cash flow after a $1,517/mo obligation. Total monthly income equals $3,082/mo, and annual cash flow totals $10,472/yr on $102,765 invested. Return on cash invested prints 30.1% in year one, and rental yield reads 11.93% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 158.73% and total cumulative return in cash sums $163,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,082/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1994
6,125 sqft 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: Gabrielle Abrams • Realty Mark Advantage
Mls Name: Bright MLS
Mls ID: #NJAC2021702