15 Patton StHigh 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 15 Patton St, High Bridge, NJ, 08829 offers $3,751/mo rent that, after a $2,396/mo payment, leaves $262/mo cash flow. Total monthly income is $3,751/mo, and annual cash flow is $3,141/yr on $162,269 cash. Return on cash invested measures 21.84% in year one, and rental yield stands at 9.2% at a $489,500 entry. Equity gained on principal adds $3,159/yr while 5% annual appreciation compounds into $135,240 by year five. Five-year ROI records 114.45% and total cumulative return in cash reaches $185,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,751/mo property income versus a $2,396/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.34 Acres lot
$N/A/sqft
No 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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Listed by: Norma Kania • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4005096