104 Barrister DrButlerNJ07405
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
Rental property for sale in Butler at 104 Barrister Dr, Butler, NJ, 07405 offers $3,301/mo rent that, after a $1,958/mo payment, leaves $450/mo cash flow. Total monthly income is $3,301/mo, and annual cash flow is $5,396/yr on $132,597 cash. Return on cash invested measures 23.98% in year one, and rental yield stands at 9.9% at a $399,990 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,510 by year five. Five-year ROI records 125.9% and total cumulative return in cash reaches $166,945. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,301/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian French • Progressive Realty Group
Mls Name: GSMLS
Mls ID: #3999408