7 Florence Tollgate Pl UNIT 4FlorenceNJ08518
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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 Florence at 7 Florence Tollgate Pl UNIT 4, Florence, NJ, 08518 with 5% annual appreciation on a $130,000 basis while $1,009/mo rent supports operations. Total monthly income totals $1,009/mo and a $636/mo payment preserves $83/mo for cash returns. Annual cash flow comes to $992/yr on $43,095 deployed, and return on cash invested reaches 22.21% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.31%. Five-year ROI measures 116.46% and total cumulative return in cash totals $50,187.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,009/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08518, Florence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 1,760 (66.1%) |
| Renter Occupied HU | 735 (27.6%) |
| Vacant Housing Units | 166 ( 6.2%) |
| Median Home Value | $374,636 |
| Average Home Value | $418,322 |
Housing Distribution
Address Breakdown
Residential
2,362
Single Family
2,309
Multi-Family
53
Businesses
108
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Listed by: Gianna Furia • Opus Elite Real Estate of NJ, LLC
Mls Name: Bright MLS
Mls ID: #NJBL2096080