2 Patrick DrPittstownNJ08867
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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 Pittstown at 2 Patrick Dr, Pittstown, NJ, 08867 offers $4,057/mo rent that, after a $2,447/mo payment, leaves $493/mo cash flow. Total monthly income is $4,057/mo, and annual cash flow is $5,920/yr on $165,750 cash. Return on cash invested measures 23.48% in year one, and rental yield stands at 9.74% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 123.24% and total cumulative return in cash reaches $204,272. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,057/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
2.46 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Mary Malone • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950673
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