69 Carpenter StSalemNJ08079
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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 69 Carpenter St, Salem, NJ, 08079 uses $54,698 cash to close to unlock $1,182/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,275/mo, and a $808/mo payment keeps the spread at $99/mo. Purchase price stands at $165,000, and rental yield measures 9.27% with $1,275/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 115.73% and total cumulative return in cash records $63,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,275/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1949
2,178 sqft 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: Tracy Gallo • Exit Homestead Realty Professi
Mls Name: Bright MLS
Mls ID: #NJSA2017556