170 Old Farm DrGreat MeadowsNJ07838
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 Great Meadows at 170 Old Farm Dr, Great Meadows, NJ, 07838 priced at $265,000 converts $2,292/mo rent into $403/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,292/mo, and annual cash flow totals $4,838/yr on $87,848 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 10.38% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 133.64% and total cumulative return in cash sums $117,399. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,292/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07838, Great Meadows, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,316 (100%) |
| Owner Occupied HU | 1,049 (79.7%) |
| Renter Occupied HU | 175 (13.3%) |
| Vacant Housing Units | 92 ( 7.0%) |
| Median Home Value | $452,429 |
| Average Home Value | $501,930 |
Housing Distribution
Address Breakdown
Residential
1,245
Single Family
1,245
Multi-Family
0
Businesses
99
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Listed by: Rebecca Meyer • Bhhs Fox & Roach
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966636
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