173 Castle Ridge DriveEast HanoverNJ07936
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 East Hanover at 173 Castle Ridge Drive, East Hanover, NJ, 07936 priced at $635,000 converts $3,839/mo rent into after a $3,108/mo obligation. Total monthly income equals $3,839/mo. Return on cash invested prints 16.11% in year one, and rental yield reads 7.25% against a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation compiles into $175,439 by year five. Five-year ROI reaches 83.68% and total cumulative return in cash sums $174,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,839/mo property income covering a $3,108/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lily Chu-constable • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4005667