11 Spruce StDoverNJ07801
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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 Dover at 11 Spruce St, Dover, NJ, 07801 offers a 10.55% rental yield on a $350,000 purchase with $3,076/mo rent. Total monthly income registers $3,076/mo, and a $1,713/mo payment leaves $581/mo available for distribution. Annual cash flow reaches $6,976/yr on $116,025 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 136.34% and total cumulative return in cash at $158,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,076/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,059 (100%) |
| Owner Occupied HU | 4,572 (50.5%) |
| Renter Occupied HU | 4,263 (47.1%) |
| Vacant Housing Units | 224 ( 2.5%) |
| Median Home Value | $400,436 |
| Average Home Value | $424,981 |
Housing Distribution
Address Breakdown
Residential
8,566
Single Family
7,892
Multi-Family
674
Businesses
664
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Listed by: Lori Intoccia • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3930330
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