1129 Hamilton Dr #1129RockawayNJ07866
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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 Rockaway at 1129 Hamilton Dr #1129, Rockaway, NJ, 07866 listed at $320,000 pairs $2,408/mo rent with a $1,566/mo payment to leave $127/mo cash flow. Total monthly income runs $2,408/mo, and annual cash flow reaches $1,528/yr on $106,080 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 9.03% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 111.82% and total cumulative return in cash totals $118,623. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,408/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Jason Cohen • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006544