88 Eldridge StBrowns MillsNJ08015
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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 Browns Mills at 88 Eldridge St, Browns Mills, NJ, 08015 uses $96,102 cash to close to unlock $1,999/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,419/mo payment keeps the spread at $167/mo. Purchase price stands at $289,900, and rental yield measures 9.24% with $2,233/mo rent. Return on cash invested shows 21.99% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 115.24% and total cumulative return in cash records $110,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1969
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08015, Browns Mills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,067 (100%) |
| Owner Occupied HU | 5,818 (72.1%) |
| Renter Occupied HU | 1,598 (19.8%) |
| Vacant Housing Units | 651 ( 8.1%) |
| Median Home Value | $263,425 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
7,721
Single Family
7,585
Multi-Family
136
Businesses
202
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Listed by: Shaun J Parker • Century 21 Alliance-Moorestown
Mls Name: Bright MLS
Mls ID: #NJBL2101874