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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Howell at 13 Forrest Hill Drive, Howell, NJ, 07731 generates $4,500/mo in rent, after a $3,304/mo payment. Total monthly income is $4,500/mo. Return on cash invested sits at 18.38% in year one, and rental yield is 8% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 95.84% and total cumulative return in cash sums $212,847. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $675,000 |
| 2021-05-04 | Sold | $258,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $10086.35 | 6.61% | $589,500 | 15.95% |
| 2023-03-26 | $9461.32 | 14.94% | $508,400 | 29.40% |
| 2022-03-26 | $8231.26 | -0.42% | $392,900 | 9.14% |
Listed by: John J Calandruccio • RE/MAX Country
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508331
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
