126 Prospect StreetDoverNJ07801
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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 Dover at 126 Prospect Street, Dover, NJ, 07801 with 5% annual appreciation on a $565,000 basis while $4,344/mo rent supports operations. Total monthly income totals $4,344/mo and a $2,765/mo payment preserves $317/mo for cash returns. Annual cash flow comes to $3,806/yr on $185,885 deployed, and return on cash invested reaches 22.11% in year one. Equity gained on principal adds $3,646/yr, and five-year appreciation sums $156,099 alongside rental yield of 9.23%. Five-year ROI measures 115.85% and total cumulative return in cash totals $215,355.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,344/mo property income versus a $2,765/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,059 (100%) |
| Owner Occupied HU | 4,572 (50.5%) |
| Renter Occupied HU | 4,263 (47.1%) |
| Vacant Housing Units | 224 ( 2.5%) |
| Median Home Value | $400,436 |
| Average Home Value | $424,981 |
Housing Distribution
Address Breakdown
Residential
8,566
Single Family
7,892
Multi-Family
674
Businesses
664
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Listed by: Deb Sprung • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3994207