16 Hope RdMount TaborNJ07878
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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 Mount Tabor at 16 Hope Rd, Mount Tabor, NJ, 07878 priced at $549,900 converts $4,042/mo rent into $123/mo cash flow after a $2,691/mo obligation. Total monthly income equals $4,042/mo, and annual cash flow totals $1,475/yr on $180,917 invested. Return on cash invested prints 20.88% in year one, and rental yield reads 8.82% against a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation compiles into $151,927 by year five. Five-year ROI reaches 109.22% and total cumulative return in cash sums $197,594. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,042/mo property income covering a $2,691/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07878, Mount Tabor, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 368 (100%) |
| Owner Occupied HU | 319 (86.7%) |
| Renter Occupied HU | 31 ( 8.4%) |
| Vacant Housing Units | 18 ( 4.9%) |
| Median Home Value | $490,187 |
| Average Home Value | $535,188 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
44
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Listed by: Jeffrey Lattimer Jr. • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3999081