76 Chestnut StElmerNJ08318
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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 Elmer at 76 Chestnut St, Elmer, NJ, 08318 uses $56,024 cash to close to unlock $1,447/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $827/mo payment keeps the spread at $121/mo. Purchase price stands at $169,000, and rental yield measures 9.41% with $1,325/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 117.93% and total cumulative return in cash records $66,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1925
9,705 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08318, Elmer, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,755 (100%) |
| Owner Occupied HU | 3,883 (81.7%) |
| Renter Occupied HU | 552 (11.6%) |
| Vacant Housing Units | 320 ( 6.7%) |
| Median Home Value | $324,326 |
| Average Home Value | $429,256 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,626
Multi-Family
0
Businesses
253
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Listed by: Tom Duffy • Keller Williams Realty - Washington Township
Mls Name: Bright MLS
Mls ID: #NJSA2016530