908 Chelten PkwyCherry HillNJ08034
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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 Cherry Hill at 908 Chelten Pkwy, Cherry Hill, NJ, 08034 uses $189,142 cash to close to unlock $1,309/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $4,207/mo, and a $2,814/mo payment keeps the spread at $109/mo. Purchase price stands at $574,900, and rental yield measures 8.78% with $4,207/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $158,834 over five years. Five-year ROI reaches 108.59% and total cumulative return in cash records $205,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,207/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1968
8,281 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08034, Cherry Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,806 (100%) |
| Owner Occupied HU | 5,847 (74.9%) |
| Renter Occupied HU | 1,640 (21.0%) |
| Vacant Housing Units | 319 ( 4.1%) |
| Median Home Value | $378,237 |
| Average Home Value | $404,007 |
Housing Distribution
Address Breakdown
Residential
7,668
Single Family
6,709
Multi-Family
959
Businesses
1,300
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Listed by: Val Gallagher • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2108382