16 CarolineBelvidereNJ07823
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
Investment property for sale in Belvidere at 16 Caroline, Belvidere, NJ, 07823 at $179,900 posts ROI 21.48% with $78/mo cash flow from $1,361/mo rent. Total monthly income equals $1,361/mo, and annual cash flow records $939/yr on $59,637 to close. Return on cash invested measures 21.48% and rental yield reads 9.08% at the current $179,900. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 by year five. Five-year ROI prints 112.6% and total cumulative return in cash totals $67,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,361/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
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Nearby investment properties with comparable prices
Listed by: Michael Dell Elba • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #3973827