








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 Skillman at 16 Flanders Valley Ct, Skillman, NJ, 08558 priced at $1,575,000 converts $3,847/mo rent into after a $7,709/mo obligation. Total monthly income equals $3,847/mo. Return on cash invested prints 2.61% in year one, and rental yield reads 2.93% against a $1,575,000 entry. Equity gained on principal adds $10,163/yr, while 5% annual appreciation compiles into $435,143 by year five. Five-year ROI reaches 11.39% and total cumulative return in cash sums $58,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,847/mo property income covering a $7,709/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.36 Acres lot
$N/A/sqft
$520 quarterly HOA
Neighborhood data shown for ZIP Code: 08558, Skillman, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,093 (100%) |
| Owner Occupied HU | 2,602 (84.1%) |
| Renter Occupied HU | 318 (10.3%) |
| Vacant Housing Units | 173 ( 5.6%) |
| Median Home Value | $892,270 |
| Average Home Value | $953,112 |
Residential
3,001
Single Family
2,835
Multi-Family
166
Businesses
293
Date | Event | Price |
|---|---|---|
| 2025-01-25 | Price change | $1,575,000 |
| 2025-01-02 | Listed for sale | $1,625,000 |
| 2014-09-16 | Sold | $999,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $21839.34 | -1.37% | $646,900 | N/A |
| 2023-02-19 | $22143.39 | 7.14% | $646,900 | N/A |
| 2022-02-19 | $20668.46 | N/A | $646,900 | N/A |



Listed by: Jennifer Dionne • Callaway Henderson Sotheby's Ir
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939344
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