2 Steele Pl #EHillsboroughNJ08844
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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
Investment property for sale in Hillsborough at 2 Steele Pl #E, Hillsborough, NJ, 08844 at $334,900 posts ROI 26.04% with $567/mo cash flow from $2,954/mo rent. Total monthly income equals $2,954/mo, and annual cash flow records $6,805/yr on $111,019 to close. Return on cash invested measures 26.04% and rental yield reads 10.58% at the current $334,900. Equity gained on principal adds $2,161/yr, and 5% annual appreciation supports $92,527 by year five. Five-year ROI prints 136.97% and total cumulative return in cash totals $152,065.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,954/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Housing Distribution
Address Breakdown
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
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Listed by: Douglas Bruner • Nexthome New Prospects Realty
Mls Name: GSMLS
Mls ID: #4006155