19 Heritage WayRockawayNJ07866
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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 Rockaway at 19 Heritage Way, Rockaway, NJ, 07866 offers $4,174/mo rent that, after a $2,643/mo payment, leaves $325/mo cash flow. Total monthly income is $4,174/mo, and annual cash flow is $3,903/yr on $177,627 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 9.28% at a $539,900 entry. Equity gained on principal adds $3,484/yr while 5% annual appreciation compounds into $149,164 by year five. Five-year ROI records 116.66% and total cumulative return in cash reaches $207,223. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,174/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Monica M Marucci • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #4006756