11 Fiddlers Elbow CourtHowellNJ07731
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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 Howell at 11 Fiddlers Elbow Court, Howell, NJ, 07731 priced at $460,000 converts $3,685/mo rent into $407/mo cash flow after a $2,251/mo obligation. Total monthly income equals $3,685/mo, and annual cash flow totals $4,880/yr on $152,490 invested. Return on cash invested prints 23.11% in year one, and rental yield reads 9.61% against a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation compiles into $127,090 by year five. Five-year ROI reaches 121.24% and total cumulative return in cash sums $184,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,685/mo property income covering a $2,251/mo payment, not borrower’s personal income.
Condo
Built in 2000
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Listed by: Rahmeet Talwar • Realty One Group Central
Mls Name: MoreMLS
Mls ID: #22602426