117 Lake Park TerHewittNJ07421
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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 Hewitt at 117 Lake Park Ter, Hewitt, NJ, 07421 generates $1,553/mo in rent, after a $1,121/mo payment. Total monthly income is $1,553/mo. Return on cash invested sits at 18.65% in year one, and rental yield is 8.14% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 97.36% and total cumulative return in cash sums $73,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,553/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07421, Hewitt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,267 (100%) |
| Owner Occupied HU | 2,440 (74.7%) |
| Renter Occupied HU | 346 (10.6%) |
| Vacant Housing Units | 481 (14.7%) |
| Median Home Value | $466,094 |
| Average Home Value | $531,077 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
3,038
Multi-Family
0
Businesses
202
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Listed by: Joseph Smidt • Blvd Realty Group
Mls Name: GSMLS
Mls ID: #3981058