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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berkeley Heights at 21 Water Ln, Berkeley Heights, NJ, 07922 priced at $890,000 converts $6,295/mo rent into after a $4,356/mo obligation. Total monthly income equals $6,295/mo. Return on cash invested prints 19.86% in year one, and rental yield reads 8.49% against a $890,000 entry. Equity gained on principal adds $5,743/yr, while 5% annual appreciation compiles into $245,891 by year five. Five-year ROI reaches 103.79% and total cumulative return in cash sums $303,916. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,295/mo property income covering a $4,356/mo payment, not borrower’s personal income.
Single Family
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
Date | Event | Price |
|---|---|---|
| 2025-10-10 | Sold | $890,000 |
| 2025-08-07 | Pending sale | $899,000 |
| 2025-07-14 | Listed for sale | $899,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $11219.08 | 1.47% | $261,700 | N/A |
| 2023-10-17 | $11056.83 | 0.62% | $261,700 | N/A |
| 2022-10-17 | $10988.78 | 0.55% | $261,700 | N/A |
Listed by: Jodi Cear • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3975077
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
