2 Steele PlHillsboroughNJ08844
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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 Hillsborough at 2 Steele Pl, Hillsborough, NJ, 08844 offers $3,157/mo rent that, after a $1,639/mo payment, leaves $770/mo cash flow. Total monthly income is $3,157/mo, and annual cash flow is $9,241/yr on $111,019 cash. Return on cash invested measures 28.23% in year one, and rental yield stands at 11.31% at a $334,900 entry. Equity gained on principal adds $2,161/yr while 5% annual appreciation compounds into $92,527 by year five. Five-year ROI records 148.74% and total cumulative return in cash reaches $165,133. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,157/mo property income versus a $1,639/mo payment rather than borrower’s personal income verification through W2s, Salary slips, 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: NextHome
Mls ID: #4006155