11 Kennedy DrCookstownNJ08511
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 Cookstown at 11 Kennedy Dr, Cookstown, NJ, 08511 offers a 9.66% rental yield on a $499,900 purchase with $4,024/mo rent. Total monthly income registers $4,024/mo, and a $2,447/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,527/yr on $165,717 to close, and return on cash invested stands at 23.24% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 121.96% and total cumulative return in cash at $202,116. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,024/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08511, Cookstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 283 (93.4%) |
| Renter Occupied HU | 18 ( 5.9%) |
| Vacant Housing Units | 2 ( 0.7%) |
| Median Home Value | $462,981 |
| Average Home Value | $564,717 |
Housing Distribution
Address Breakdown
Residential
369
Single Family
369
Multi-Family
0
Businesses
50
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Listed by: Christopher Bell • Weichert Realtors - Princeton
Mls Name: Bright MLS
Mls ID: #NJBL2090776