18 Tice RdHewittNJ07421
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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 Hewitt at 18 Tice Rd, Hewitt, NJ, 07421 priced at $368,900 converts $5,156/mo rent into $1,751/mo cash flow after a $1,806/mo obligation. Total monthly income equals $5,156/mo, and annual cash flow totals $21,007/yr on $122,290 invested. Return on cash invested prints 37.09% in year one, and rental yield reads 16.77% against a $368,900 entry. Equity gained on principal adds $2,380/yr, while 5% annual appreciation compiles into $101,920 by year five. Five-year ROI reaches 198.96% and total cumulative return in cash sums $243,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,156/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.32 Acres lot
$N/A/sqft
$130 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07421, Hewitt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,267 (100%) |
| Owner Occupied HU | 2,440 (74.7%) |
| Renter Occupied HU | 346 (10.6%) |
| Vacant Housing Units | 481 (14.7%) |
| Median Home Value | $466,094 |
| Average Home Value | $531,077 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
3,038
Multi-Family
0
Businesses
202
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