173 Washington StBelvidereNJ07823
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 Belvidere at 173 Washington St, Belvidere, NJ, 07823 priced at $424,500 converts $3,547/mo rent into $471/mo cash flow after a $2,078/mo obligation. Total monthly income equals $3,547/mo, and annual cash flow totals $5,657/yr on $140,722 invested. Return on cash invested prints 23.93% in year one, and rental yield reads 10.03% against a $424,500 entry. Equity gained on principal adds $2,739/yr, while 5% annual appreciation compiles into $117,282 by year five. Five-year ROI reaches 125.8% and total cumulative return in cash sums $177,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,547/mo property income covering a $2,078/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
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Nearby investment properties with comparable prices
Listed by: Deborah Mclain • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3936039
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