160 Mill StBellevilleNJ07109
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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 Belleville at 160 Mill St, Belleville, NJ, 07109 offers $4,361/mo rent that, after a $2,154/mo payment, leaves $1,074/mo cash flow. Total monthly income is $4,361/mo, and annual cash flow is $12,888/yr on $145,860 cash. Return on cash invested measures 28.74% in year one, and rental yield stands at 11.89% at a $440,000 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,564 by year five. Five-year ROI records 151.9% and total cumulative return in cash reaches $221,554. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,361/mo property income versus a $2,154/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1892
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Rayma Garraway-harrigan • Voro Nj Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924075
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