903 Salem RdBurlingtonNJ08016
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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 Burlington at 903 Salem Rd, Burlington, NJ, 08016 uses $94,478 cash to close to unlock $4,578/yr annual cash flow and $382/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,395/mo payment keeps the spread at $382/mo. Purchase price stands at $285,000, and rental yield measures 10.16% with $2,413/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 130.07% and total cumulative return in cash records $122,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08016, Burlington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,052 (100%) |
| Owner Occupied HU | 9,106 (64.8%) |
| Renter Occupied HU | 4,072 (29.0%) |
| Vacant Housing Units | 874 ( 6.2%) |
| Median Home Value | $380,853 |
| Average Home Value | $397,338 |
Housing Distribution
Address Breakdown
Residential
13,476
Single Family
12,745
Multi-Family
731
Businesses
973
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Listed by: Cathy Hartman • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJBL2088592