16 Cedar PlHawthorneNJ07506
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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 Hawthorne at 16 Cedar Pl, Hawthorne, NJ, 07506 priced at $849,999 converts $3,120/mo rent into after a $4,160/mo obligation. Total monthly income equals $3,120/mo. Return on cash invested prints 7.45% in year one, and rental yield reads 4.4% against a $849,999 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 37.24% and total cumulative return in cash sums $104,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07506, Hawthorne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,095 (100%) |
| Owner Occupied HU | 4,946 (61.1%) |
| Renter Occupied HU | 2,799 (34.6%) |
| Vacant Housing Units | 350 ( 4.3%) |
| Median Home Value | $569,598 |
| Average Home Value | $571,478 |
Housing Distribution
Address Breakdown
Residential
7,630
Single Family
7,314
Multi-Family
316
Businesses
571
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Listed by: Brenda Belilla • Keller Williams Village Square
Mls Name: GSMLS
Mls ID: #4003737