117 Reed StHightstownNJ08520
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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 Hightstown at 117 Reed St, Hightstown, NJ, 08520 offers $1,827/mo rent that, after a $1,223/mo payment, leaves $46/mo cash flow. Total monthly income is $1,827/mo, and annual cash flow is $551/yr on $82,842 cash. Return on cash invested measures 20.57% in year one, and rental yield stands at 8.77% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 107.64% and total cumulative return in cash reaches $89,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,827/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08520, Hightstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,591 (100%) |
| Owner Occupied HU | 7,394 (63.8%) |
| Renter Occupied HU | 3,694 (31.9%) |
| Vacant Housing Units | 503 ( 4.3%) |
| Median Home Value | $427,988 |
| Average Home Value | $464,908 |
Housing Distribution
Address Breakdown
Residential
10,863
Single Family
10,018
Multi-Family
845
Businesses
786
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Listed by: Theresa Guttridge • BHHS Fox & Roach - Perrineville
Mls Name: Bright MLS
Mls ID: #NJME2062046