18U Ashington Club Rd UNIT 18UFar HillsNJ07931
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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 Far Hills at 18U Ashington Club Rd UNIT 18U, Far Hills, NJ, 07931 offers $2,533/mo rent that, after a $694/mo payment, leaves $1,351/mo cash flow. Total monthly income is $2,533/mo, and annual cash flow is $16,216/yr on $47,009 cash. Return on cash invested measures 54.4% in year one, and rental yield stands at 21.43% at a $141,806 entry. Equity gained on principal adds $915/yr while 5% annual appreciation compounds into $39,178 by year five. Five-year ROI records 290.71% and total cumulative return in cash reaches $136,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,533/mo property income versus a $694/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1994
2,613 sqft lot
$N/A/sqft
$171 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07931, Far Hills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 1,156 (77.6%) |
| Renter Occupied HU | 203 (13.6%) |
| Vacant Housing Units | 131 ( 8.8%) |
| Median Home Value | $1,047,619 |
| Average Home Value | $1,202,206 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,139
Multi-Family
0
Businesses
152
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Listed by: Alicia Tiss • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932156
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