208 Canal WayHackettstownNJ07840
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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 Hackettstown at 208 Canal Way, Hackettstown, NJ, 07840 priced at $399,000 converts $3,353/mo rent into $509/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,353/mo, and annual cash flow totals $6,107/yr on $132,269 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 10.08% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 128.83% and total cumulative return in cash sums $170,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,353/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Townhouse
Built in 1990
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07840, Hackettstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,631 (100%) |
| Owner Occupied HU | 8,650 (63.5%) |
| Renter Occupied HU | 4,448 (32.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $431,882 |
| Average Home Value | $463,812 |
Housing Distribution
Address Breakdown
Residential
12,801
Single Family
12,174
Multi-Family
627
Businesses
1,178
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Listed by: Denise Molnar • Re/Max Town & Valley
Mls Name: GSMLS
Mls ID: #4002675