116 Rockaway AveRockawayNJ07866
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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 116 Rockaway Ave, Rockaway, NJ, 07866 offers a 10.04% rental yield on a $525,000 purchase with $4,393/mo rent. Total monthly income registers $4,393/mo, and a $2,570/mo payment leaves $651/mo available for distribution. Annual cash flow reaches $7,806/yr on $172,725 to close, and return on cash invested stands at 24.58% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 129.11% and total cumulative return in cash at $223,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,393/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,405 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: Debra Burke • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3981305