11 Covered Bridge CirColumbusNJ08022
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 Columbus at 11 Covered Bridge Cir, Columbus, NJ, 08022 priced at $425,000 converts $3,433/mo rent into $404/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,433/mo, and annual cash flow totals $4,846/yr on $140,888 invested. Return on cash invested prints 23.35% in year one, and rental yield reads 9.69% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 122.51% and total cumulative return in cash sums $172,601. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,433/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1993
7,854 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08022, Columbus, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,901 (100%) |
| Owner Occupied HU | 3,516 (90.1%) |
| Renter Occupied HU | 230 ( 5.9%) |
| Vacant Housing Units | 155 ( 4.0%) |
| Median Home Value | $458,953 |
| Average Home Value | $490,803 |
Housing Distribution
Address Breakdown
Residential
3,728
Single Family
3,728
Multi-Family
0
Businesses
224
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Nearby investment properties with comparable prices
Listed by: Jacqui Thomas • Keller Williams Premier
Mls Name: Bright MLS
Mls ID: #NJBL2104732