21 Eastwood TerEast Hanover TownshipNJ07035
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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 East Hanover Township at 21 Eastwood Ter, East Hanover Township, NJ, 07035 offers $3,840/mo rent that, after a $4,828/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 8.26% in year one, and rental yield stands at 4.67% at a $986,505 entry. Equity gained on principal adds $6,366/yr while 5% annual appreciation compounds into $272,553 by year five. Five-year ROI records 41.58% and total cumulative return in cash reaches $134,955. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $4,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07035, Lincoln Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,232 (100%) |
| Owner Occupied HU | 3,210 (75.9%) |
| Renter Occupied HU | 940 (22.2%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $477,922 |
| Average Home Value | $519,461 |
Housing Distribution
Address Breakdown
Residential
4,174
Single Family
4,160
Multi-Family
14
Businesses
283
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Listed by: Debra A. Glatz • Lennar
Mls Name: GSMLS
Mls ID: #4000685