14 Chilhowie Dr, Kinnelon, NJ, 07405 | 3.76% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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14 Chilhowie Dr, Kinnelon, NJ, 07405 | 3.76% 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 Kinnelon at 14 Chilhowie Dr, Kinnelon, NJ, 07405 offers $2,820/mo rent that, after a $4,400/mo payment. Total monthly income is $2,820/mo. Return on cash invested measures 5.5% in year one, and rental yield stands at 3.76% at a $899,000 entry. Equity gained on principal adds $5,801/yr while 5% annual appreciation compounds into $248,377 by year five. Five-year ROI records 26.81% and total cumulative return in cash reaches $79,306. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,820/mo property income versus a $4,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1968

1 Acres lot

$N/A/sqft

No HOA

More details about the property

NEW SEPTIC BEING INSTALLED!! NEW ROOF INSTALLED!! Welcome to your dream colonial in the desirable Stonybrook Highlands of Kinnelon! This spacious 4-bedroom, 3.1-bathroom home offers a wonderful blend of classic charm and modern living. Enjoy an open flow on the main level, perfect for entertaining. Just past the classic slate, freshly painted entry foyer, hardwood floors grace both the first and second levels of the home. Primary BR with updated ensuite bath & WIC. Three additional BRs on second level share lovely remodeled bath with dual sinks + tub/shower. Natural light is not lacking in the living room which has windows in both the front & rear of the home and is balanced nicely by the wood-burning FPL. The Kitchen, DR & family Room is the perfect gathering space for all of your future celebrations. Relax and unwind on the rear deck overlooking a large, fully fenced backyard with Koi pond, ideal for outdoor enjoyment. The added full bathroom + office/BR, and finished rec room in the basement provides an excellent flex space for bonus living quarters or work from home careers. Residents of the Stonybrook Highlands neighborhood also benefit from the community pool. Don't miss this fantastic opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,017 (100%)
Owner Occupied HU	5,399 (76.9%)
Renter Occupied HU	1,364 (19.4%)
Vacant Housing Units	254 ( 3.6%)
Median Home Value	$611,884
Average Home Value	$677,545