163 Conover Ter #163, Lebanon, NJ, 08833 | 7.9% Rental Yield

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163 Conover Ter #163, Lebanon, NJ, 08833 | 7.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lebanon at 163 Conover Ter #163, Lebanon, NJ, 08833 generates $2,760/mo in rent, after a $2,051/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 17.95% in year one, and rental yield is 7.9% on a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 93.59% and total cumulative return in cash sums $130,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.

Townhouse

Built in 2007

9,999 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Heights of Lebanon! Move right into this superb end-unit townhouse offering bright, open spaces and scenic views. Conveniently located near the Lebanon Train Station and major commuter routes, it's the perfect spot for those on the go. Inside, you'll enjoy: An open floor plan with an updated kitchen A spacious living and dining area, ideal for entertaining Two bedrooms and two full baths, including a primary suite with a walk-in closet and private bath In-unit laundry/utility room with stackable washer and dryer Additional highlights include a large storage area with interior access to the garage, private driveway parking, and updated furnace with central air. The community itself offers excellent amenities such as a playground and dog run, making it both family- and pet-friendly. Don't miss this opportunity to enjoy comfort, convenience, and community living at its best!