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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Andover at 18 Cranberry Ledge Rd, Andover, NJ, 07821 listed at $399,000 pairs $2,820/mo rent with a $1,953/mo payment. Total monthly income runs $2,820/mo. Return on cash invested measures 19.57% in year one, and rental yield registers 8.48% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 102.31% and total cumulative return in cash totals $135,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,820/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,944 (100%) |
| Owner Occupied HU | 3,089 (78.3%) |
| Renter Occupied HU | 407 (10.3%) |
| Vacant Housing Units | 448 (11.4%) |
| Median Home Value | $451,606 |
| Average Home Value | $492,629 |
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
213
Date | Event | Price |
|---|---|---|
| 2025-03-27 | Listed for sale | $399,000 |
| 2017-12-05 | Listing removed | $1,900 |
| 2017-11-03 | Listed for rent | $1,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $8456.64 | 1.81% | $220,800 | N/A |
| 2023-03-28 | $8306.50 | 2.79% | $220,800 | N/A |
| 2022-03-28 | $8081.28 | 1.55% | $220,800 | N/A |
Listed by: Tang Ho • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953243
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
