221 Raymond StHillsdaleNJ07642
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 Hillsdale at 221 Raymond St, Hillsdale, NJ, 07642 offers $3,900/mo rent that, after a $3,915/mo payment. Total monthly income is $3,900/mo. Return on cash invested measures 11.85% in year one, and rental yield stands at 5.85% at a $799,900 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $220,998 by year five. Five-year ROI records 60.81% and total cumulative return in cash reaches $160,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,900/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07642, Hillsdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,693 (100%) |
| Owner Occupied HU | 3,152 (85.4%) |
| Renter Occupied HU | 406 (11.0%) |
| Vacant Housing Units | 135 ( 3.7%) |
| Median Home Value | $691,014 |
| Average Home Value | $727,760 |
Housing Distribution
Address Breakdown
Residential
3,662
Single Family
3,508
Multi-Family
154
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MaryAnn Josephson • RE/MAX Real Estate Limited
Mls Name: NJMLS
Mls ID: #25042580