216 Myrtle Rd, Warren, NJ, 07059 | 5.46% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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216 Myrtle Rd, Warren, NJ, 07059 | 5.46% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Warren at 216 Myrtle Rd, Warren, NJ, 07059 offers a 5.46% rental yield on a $878,328 purchase with $3,997/mo rent. 66% in year one. Equity gained on principal adds $5,668/yr while 5% annual appreciation supports $242,666 over five years. Portfolio math shows five-year ROI at 54.46% and total cumulative return in cash at $157,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,997/mo property income against a $4,299/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Epic Savings! Take advantage of a Year 1 Rate of 3.5% (5.584% APR)* or flex cash equivalent on every home sold and closed by May 30, 2025. Introducing Hills at Warren, a collection of luxurious new townhomes for sale in Warren, New Jersey. These new construction homes offer the perfect blend of modern design and elegant living. Located in the desirable Warren Township, Somerset County, Hills at Warren presents two thoughtfully designed home options, offering up to 3 bedrooms, 3 baths, and 2,252 sq. ft. of living space. Step inside these stunning homes and select from four unique interiors by K. Hovnanian's Looks: Loft, Farmhouse, Classic, or Elements. Each look has been meticulously curated by our expert design team to tailor a style that complements your individual taste for your new home. Offered By: K. Hovnanian at Warren Township II, LLC The New Haven INT offers: Polished kitchen with Brellin White cabinets & waterfall island. Charming great room & dining area perfect for hosting guests. Private home office for working remotely. Calming primary suite with walk-in closet. Tranquil primary bath with freestanding tub & double sinks. Spacious loft for extra living space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07059, Warren, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,064 (100%)
Owner Occupied HU	5,162 (85.1%)
Renter Occupied HU	539 ( 8.9%)
Vacant Housing Units	363 ( 6.0%)
Median Home Value	$955,093
Average Home Value	$1,050,335