810 Morgan AvePalmyraNJ08065
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 Palmyra at 810 Morgan Ave, Palmyra, NJ, 08065 priced at $387,500 converts $3,391/mo rent into $629/mo cash flow after a $1,897/mo obligation. Total monthly income equals $3,391/mo, and annual cash flow totals $7,543/yr on $128,456 invested. Return on cash invested prints 25.78% in year one, and rental yield reads 10.5% against a $387,500 entry. Equity gained on principal adds $2,500/yr, while 5% annual appreciation compiles into $107,059 by year five. Five-year ROI reaches 135.58% and total cumulative return in cash sums $174,159. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,391/mo property income covering a $1,897/mo payment, not borrower’s personal income.
Single Family
Built in 1897
5,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08065, Palmyra, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,608 (100%) |
| Owner Occupied HU | 2,481 (68.8%) |
| Renter Occupied HU | 944 (26.2%) |
| Vacant Housing Units | 183 ( 5.1%) |
| Median Home Value | $261,831 |
| Average Home Value | $398,720 |
Housing Distribution
Address Breakdown
Residential
3,318
Single Family
3,290
Multi-Family
28
Businesses
220
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Listed by: Sue Rexon • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJBL2093410