9 S Tilbury RdSalemNJ08079
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 Salem at 9 S Tilbury Rd, Salem, NJ, 08079 priced at $294,900 converts $2,422/mo rent into $320/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,422/mo, and annual cash flow totals $3,845/yr on $97,759 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 9.86% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 125.19% and total cumulative return in cash sums $122,383. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,422/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Nearby investment properties with comparable prices
Listed by: Shannon Oberman • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJSA2015658