115 Morris AveHaworthNJ07641
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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
Rental property for sale in Haworth at 115 Morris Ave, Haworth, NJ, 07641 priced at $1,499,000 converts $6,376/mo rent into after a $7,337/mo obligation. Total monthly income equals $6,376/mo. Return on cash invested prints 9.72% in year one, and rental yield reads 5.1% against a $1,499,000 entry. Equity gained on principal adds $9,673/yr, while 5% annual appreciation compiles into $414,146 by year five. Five-year ROI reaches 49.39% and total cumulative return in cash sums $239,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,376/mo property income covering a $7,337/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07641, Haworth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,141 (100%) |
| Owner Occupied HU | 1,038 (91.0%) |
| Renter Occupied HU | 65 ( 5.7%) |
| Vacant Housing Units | 38 ( 3.3%) |
| Median Home Value | $842,005 |
| Average Home Value | $911,084 |
Housing Distribution
Address Breakdown
Residential
1,125
Single Family
1,125
Multi-Family
0
Businesses
94
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Listed by: Karen Leddy • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25043012