117 Burlington AvenueLeonardoNJ07737
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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 Leonardo at 117 Burlington Avenue, Leonardo, NJ, 07737 earns $799/mo cash flow from $3,293/mo rent with a $1,713/mo payment. Total monthly income totals $3,293/mo, and annual cash flow totals $9,583/yr on $115,992 capital. ROI tracks 28.17% on current figures, and rental yield reads 11.29% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 148.39% and total cumulative return in cash sums $172,122. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,293/mo property income instead of your personal income.
Single Family
Built in 1939
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07737, Leonardo, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,336 (82.5%) |
| Renter Occupied HU | 203 (12.5%) |
| Vacant Housing Units | 80 ( 4.9%) |
| Median Home Value | $589,435 |
| Average Home Value | $661,622 |
Housing Distribution
Address Breakdown
Residential
1,529
Single Family
1,529
Multi-Family
0
Businesses
71
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Listed by: Daniel Velez • Melrose Realty, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509401
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.