221 Drakestown RdLong ValleyNJ07853
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 Long Valley at 221 Drakestown Rd, Long Valley, NJ, 07853 priced at $443,000 pairs $4,085/mo rent with $928/mo cash flow after a $2,168/mo payment. Total monthly income equals $4,085/mo, and annual cash flow comes to $11,132/yr on $146,855 invested. Return on cash invested is 27.49% in year one, and rental yield stands at 11.07% on a $443,000 basis. Equity gained on principal adds $2,859/yr, and 5% annual appreciation accumulates to $122,393 by year five. Five-year ROI measures 144.73% and total cumulative return in cash reaches $212,536. For financing, Ziffy Mortgage’s DSCR program evaluates $4,085/mo property income against a $2,168/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07853, Long Valley, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,421 (100%) |
| Owner Occupied HU | 3,960 (89.6%) |
| Renter Occupied HU | 359 ( 8.1%) |
| Vacant Housing Units | 102 ( 2.3%) |
| Median Home Value | $650,057 |
| Average Home Value | $737,239 |
Housing Distribution
Address Breakdown
Residential
4,354
Single Family
4,354
Multi-Family
0
Businesses
224
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Nearby investment properties with comparable prices
Listed by: Teresa Losi • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950366
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