116 Rockaway RdOak RidgeNJ07438
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
Rental property for sale in Oak Ridge at 116 Rockaway Rd, Oak Ridge, NJ, 07438 priced at $325,000 converts $2,574/mo rent into $257/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,574/mo, and annual cash flow totals $3,086/yr on $107,738 invested. Return on cash invested prints 22.77% in year one, and rental yield reads 9.5% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 119.47% and total cumulative return in cash sums $128,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,574/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07438, Oak Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,377 (100%) |
| Owner Occupied HU | 3,700 (84.5%) |
| Renter Occupied HU | 445 (10.2%) |
| Vacant Housing Units | 232 ( 5.3%) |
| Median Home Value | $501,326 |
| Average Home Value | $517,297 |
Housing Distribution
Address Breakdown
Residential
4,272
Single Family
4,222
Multi-Family
50
Businesses
283
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Nearby investment properties with comparable prices
Listed by: Heidi Byrne • Keller Williams Integrity
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988332
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