701 W Park AveClementonNJ08021
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clementon at 701 W Park Ave, Clementon, NJ, 08021 priced at $254,900 converts $2,296/mo rent into $479/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,296/mo, and annual cash flow totals $5,745/yr on $84,499 invested. Return on cash invested prints 26.71% in year one, and rental yield reads 10.81% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 140.55% and total cumulative return in cash sums $118,764. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,296/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08021, Clementon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,123 (100%) |
| Owner Occupied HU | 9,763 (42.2%) |
| Renter Occupied HU | 12,073 (52.2%) |
| Vacant Housing Units | 1,287 ( 5.6%) |
| Median Home Value | $242,139 |
| Average Home Value | $295,242 |
Housing Distribution
Address Breakdown
Residential
20,684
Single Family
20,191
Multi-Family
493
Businesses
721
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Listed by: Dith Paul • Signature Realty Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942576
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