13 Colonial CtHigh BridgeNJ08829
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 High Bridge at 13 Colonial Ct, High Bridge, NJ, 08829 priced at $240,000 converts $2,736/mo rent into $775/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,736/mo, and annual cash flow totals $9,300/yr on $79,560 invested. Return on cash invested prints 31.6% in year one, and rental yield reads 13.68% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 168.12% and total cumulative return in cash sums $133,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,736/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
3,484 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08829, High Bridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,203 (78.8%) |
| Renter Occupied HU | 230 (15.1%) |
| Vacant Housing Units | 94 ( 6.2%) |
| Median Home Value | $346,416 |
| Average Home Value | $365,669 |
Housing Distribution
Address Breakdown
Residential
1,516
Single Family
1,516
Multi-Family
0
Businesses
82
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Nearby investment properties with comparable prices
Listed by: Ildiko Meijer • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928433
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