2 Elizabeth CtHowellNJ07731
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 Howell at 2 Elizabeth Ct, Howell, NJ, 07731 priced at $425,000 converts $3,605/mo rent into $576/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,605/mo, and annual cash flow totals $6,910/yr on $140,888 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 10.18% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 130.37% and total cumulative return in cash sums $183,677. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,605/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
3,045 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Nearby investment properties with comparable prices
Listed by: Diana Dynov • KELLER WILLIAMS REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515116R
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