900 Parry AvePalmyraNJ08065
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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 Palmyra at 900 Parry Ave, Palmyra, NJ, 08065 priced at $429,900 converts $3,083/mo rent into $19/mo cash flow after a $2,104/mo obligation. Total monthly income equals $3,083/mo, and annual cash flow totals $227/yr on $142,512 invested. Return on cash invested prints 20.07% in year one, and rental yield reads 8.61% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 104.92% and total cumulative return in cash sums $149,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,083/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1900
17 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: Cecilia Still • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJBL2098256