165 Spruce DriveShrewsburyNJ07702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Shrewsbury at 165 Spruce Drive, Shrewsbury, NJ, 07702 offers $6,250/mo rent that, after a $5,134/mo payment. Total monthly income is $6,250/mo. Return on cash invested measures 16.04% in year one, and rental yield stands at 7.15% at a $1,049,000 entry. Equity gained on principal adds $6,769/yr while 5% annual appreciation compounds into $289,819 by year five. Five-year ROI records 83.25% and total cumulative return in cash reaches $282,964. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,250/mo property income versus a $5,134/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07702, Shrewsbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,522 (100%) |
| Owner Occupied HU | 1,311 (86.1%) |
| Renter Occupied HU | 161 (10.6%) |
| Vacant Housing Units | 50 ( 3.3%) |
| Median Home Value | $831,014 |
| Average Home Value | $847,965 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,438
Multi-Family
122
Businesses
603
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Listed by: Ghazzaleh Khosravi-Sichani • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22501360
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