8 Reagan DrRunnemedeNJ08078
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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
Rental property for sale in Runnemede at 8 Reagan Dr, Runnemede, NJ, 08078 priced at $382,990 converts $1,800/mo rent into after a $1,875/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 11.12% in year one, and rental yield reads 5.64% against a $382,990 entry. Equity gained on principal adds $2,471/yr, while 5% annual appreciation compiles into $105,813 by year five. Five-year ROI reaches 56.93% and total cumulative return in cash sums $72,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $1,875/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08078, Runnemede, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,441 (100%) |
| Owner Occupied HU | 2,316 (67.3%) |
| Renter Occupied HU | 976 (28.4%) |
| Vacant Housing Units | 149 ( 4.3%) |
| Median Home Value | $273,232 |
| Average Home Value | $303,330 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,258
Multi-Family
86
Businesses
241
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Listed by: Randi Jobes • D.R. Horton Realty of New Jersey
Mls Name: Bright MLS
Mls ID: #NJCD2100170