10 Edwards PlShort HillsNJ07078
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
Investment property for sale in Short Hills at 10 Edwards Pl, Short Hills, NJ, 07078 earns from $5,355/mo rent with a $8,786/mo payment. Total monthly income totals $5,355/mo. ROI tracks 5.02% on current figures, and rental yield reads 3.58% at a $1,795,000 purchase. Equity gained on principal adds $11,583/yr, and 5% annual appreciation supports $495,925 over five years. Five-year ROI reaches 24.16% and total cumulative return in cash sums $140,497. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,355/mo property income instead of your personal income.
Single Family
Built in 1966
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07078, Short Hills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,520 (100%) |
| Owner Occupied HU | 3,730 (82.5%) |
| Renter Occupied HU | 616 (13.6%) |
| Vacant Housing Units | 174 ( 3.8%) |
| Median Home Value | $1,637,860 |
| Average Home Value | $1,627,410 |
Housing Distribution
Address Breakdown
Residential
4,606
Single Family
4,324
Multi-Family
282
Businesses
450
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Listed by: Monica Alpert • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #4005957