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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 77 7th St, Salem, NJ, 08079 generates $1,434/mo in rent and, after a $881/mo payment, leaves $151/mo in cash flow. Total monthly income is $1,434/mo, and annual cash flow is $1,812/yr on $59,670 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 9.56% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 120.35% and total cumulative return in cash sums $71,813. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,434/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
| 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 |
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: jennifer Derevlany • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJSA2017498
