20 Ermack StreetHowellNJ07731
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 20 Ermack Street, Howell, NJ, 07731 priced at $429,000 pairs $3,397/mo rent with $339/mo cash flow after a $2,100/mo payment. Total monthly income equals $3,397/mo, and annual cash flow comes to $4,067/yr on $142,214 invested. Return on cash invested is 22.77% in year one, and rental yield stands at 9.5% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 119.4% and total cumulative return in cash reaches $169,801. For financing, Ziffy Mortgage’s DSCR program evaluates $3,397/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Larissa Colangelo • RE/MAX Realty 9
Mls Name: MoreMLS
Mls ID: #22535939