15 Kresson CtBerlinNJ08009
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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
Rental property for sale in Berlin at 15 Kresson Ct, Berlin, NJ, 08009 offers $3,948/mo rent that, after a $2,614/mo payment, leaves $141/mo cash flow. Total monthly income is $3,948/mo, and annual cash flow is $1,697/yr on $175,686 cash. Return on cash invested measures 21.03% in year one, and rental yield stands at 8.87% at a $534,000 entry. Equity gained on principal adds $3,446/yr while 5% annual appreciation compounds into $147,534 by year five. Five-year ROI records 110.05% and total cumulative return in cash reaches $193,334. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,948/mo property income versus a $2,614/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08009, Berlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,654 (100%) |
| Owner Occupied HU | 4,330 (76.6%) |
| Renter Occupied HU | 1,079 (19.1%) |
| Vacant Housing Units | 245 ( 4.3%) |
| Median Home Value | $347,480 |
| Average Home Value | $361,330 |
Housing Distribution
Address Breakdown
Residential
6,213
Single Family
6,073
Multi-Family
140
Businesses
585
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Listed by: Antonella Dominijanni • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2095904