8 Florence Tollgate Pl UNIT 7FlorenceNJ08518
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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 8 Florence Tollgate Pl UNIT 7, Florence, NJ, 08518 offers a 9.58% rental yield on a $110,000 purchase with $878/mo rent. Total monthly income registers $878/mo, and a $538/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,132/yr on $36,465 to close, and return on cash invested stands at 23.01% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 120.84% and total cumulative return in cash at $44,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $878/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Mary Bauer • RE/MAX at Home
Mls Name: Bright MLS
Mls ID: #NJBL2088562