904 Mercer StCherry HillNJ08002
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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 Cherry Hill at 904 Mercer St, Cherry Hill, NJ, 08002 generates $4,418/mo in rent and, after a $2,322/mo payment, leaves $1,036/mo in cash flow. Total monthly income is $4,418/mo, and annual cash flow is $12,435/yr on $157,297 invested. Return on cash invested sits at 27.81% in year one, and rental yield is 11.17% on a $474,500 entry. Equity gained on principal adds $3,062/yr, while 5% annual appreciation builds toward $131,096 over five years. Five-year ROI reaches 146.49% and total cumulative return in cash sums $230,418. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,418/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08002, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,629 (100%) |
| Owner Occupied HU | 6,343 (59.7%) |
| Renter Occupied HU | 3,593 (33.8%) |
| Vacant Housing Units | 693 ( 6.5%) |
| Median Home Value | $356,132 |
| Average Home Value | $374,159 |
Housing Distribution
Address Breakdown
Residential
10,346
Single Family
7,563
Multi-Family
2,783
Businesses
1,147
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Listed by: Sherry Tilotta • Coldwell Banker Excel Realty
Mls Name: Bright MLS
Mls ID: #NJCD2108620