120 Myrtle Rd, Warren, NJ, 07059 | 6.44% Rental Yield

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120 Myrtle Rd, Warren, NJ, 07059 | 6.44% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Warren at 120 Myrtle Rd, Warren, NJ, 07059 priced at $744,504 converts $3,997/mo rent into after a $3,644/mo obligation. Total monthly income equals $3,997/mo. Return on cash invested prints 13.64% in year one, and rental yield reads 6.44% against a $744,504 entry. Equity gained on principal adds $4,804/yr, while 5% annual appreciation compiles into $205,693 by year five. Five-year ROI reaches 70.47% and total cumulative return in cash sums $172,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,997/mo property income covering a $3,644/mo payment, not borrower’s personal income.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Epic Savings! Take advantage of a Year 1 Rate of 3.5% (5.584% APR)* or flex cash equivalent on every home sold and closed by May 30, 2025. Introducing Hills at Warren, a collection of luxurious new townhomes for sale in Warren, New Jersey. These new construction homes offer the perfect blend of modern design and elegant living. Located in the desirable Warren Township, Somerset County, Hills at Warren presents two thoughtfully designed home options, offering up to 3 bedrooms, 3 baths, and 2,252 sq. ft. of living space. Step inside these stunning homes and select from four unique interiors by K. Hovnanian's Looks: Loft, Farmhouse, Classic, or Elements. Each look has been meticulously curated by our expert design team to tailor a style that complements your individual taste for your new home. Offered By: K. Hovnanian at Warren Township II, LLC The New Hope offers: Charming kitchen with Brellin White cabinets & floating shelves. Vast island & Soapstone Mist quartz countertops. Spacious great room with ample lighting. Functional dining area for enjoying delicious meals. Lavish primary suite & bath with walk-in closet. Versatile patio/deck for outdoor relaxation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07059, Warren, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,064 (100%)
Owner Occupied HU	5,162 (85.1%)
Renter Occupied HU	539 ( 8.9%)
Vacant Housing Units	363 ( 6.0%)
Median Home Value	$955,093
Average Home Value	$1,050,335