14 Canterbury LnShort HillsNJ07078
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 Short Hills at 14 Canterbury Ln, Short Hills, NJ, 07078 generates $3,326/mo in rent, after a $7,283/mo payment. Total monthly income is $3,326/mo. Return on cash invested sits at 2.25% in year one, and rental yield is 2.68% on a $1,488,000 entry. Equity gained on principal adds $9,602/yr, while 5% annual appreciation builds toward $411,107 over five years. Five-year ROI reaches 9.3% and total cumulative return in cash sums $44,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,326/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07078, Short Hills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,520 (100%) |
| Owner Occupied HU | 3,730 (82.5%) |
| Renter Occupied HU | 616 (13.6%) |
| Vacant Housing Units | 174 ( 3.8%) |
| Median Home Value | $1,637,860 |
| Average Home Value | $1,627,410 |
Housing Distribution
Address Breakdown
Residential
4,606
Single Family
4,324
Multi-Family
282
Businesses
450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arlene Gorman Gonnella • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3977901