10 Summit DrWantageNJ07461
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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 Wantage at 10 Summit Dr, Wantage, NJ, 07461 uses $92,820 cash to close to unlock $2,696/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $2,220/mo, and a $1,370/mo payment keeps the spread at $225/mo. Purchase price stands at $280,000, and rental yield measures 9.51% with $2,220/mo rent. Return on cash invested shows 22.81% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 119.66% and total cumulative return in cash records $111,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,220/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1981
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07461, Sussex, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,474 (100%) |
| Owner Occupied HU | 6,001 (70.8%) |
| Renter Occupied HU | 1,313 (15.5%) |
| Vacant Housing Units | 1,160 (13.7%) |
| Median Home Value | $386,225 |
| Average Home Value | $436,301 |
Housing Distribution
Address Breakdown
Residential
7,223
Single Family
7,182
Multi-Family
41
Businesses
331
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Listed by: Russell Jack A Beierle Jr • Pinnacle Realty Associates Llc
Mls Name: GSMLS
Mls ID: #4005511