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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 15 Rita Drive, Howell, NJ, 07731 priced at $549,999 converts $4,091/mo rent into $171/mo cash flow after a $2,692/mo obligation. Total monthly income equals $4,091/mo, and annual cash flow totals $2,048/yr on $180,950 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 8.93% against a $549,999 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 110.93% and total cumulative return in cash sums $200,733. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,091/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1987
8,250 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kathleen Cunningham • Chris Smith Realty
Mls Name: MoreMLS
Mls ID: #22529057
