12 Riverside RdHewittNJ07421
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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 12 Riverside Rd, Hewitt, NJ, 07421 offers $3,540/mo rent that, after a $1,370/mo payment, leaves $1,545/mo cash flow. Total monthly income is $3,540/mo, and annual cash flow is $18,539/yr on $92,787 cash. Return on cash invested measures 39.89% in year one, and rental yield stands at 15.18% at a $279,900 entry. Equity gained on principal adds $1,806/yr while 5% annual appreciation compounds into $77,331 by year five. Five-year ROI records 211.21% and total cumulative return in cash reaches $195,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,540/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
10,454 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: Karen B. Wiedmann • Re/Max Country Realty
Mls Name: GSMLS
Mls ID: #3980192