224 Princeton AveBerkeley HeightsNJ07922
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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
Investment property for sale in Berkeley Heights at 224 Princeton Ave, Berkeley Heights, NJ, 07922 listed at $849,999 pairs $5,408/mo rent with a $4,160/mo payment. Total monthly income runs $5,408/mo. Return on cash invested measures 17.27% in year one, and rental yield registers 7.63% at a $849,999 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,839 by year five. Five-year ROI tracks 89.89% and total cumulative return in cash totals $251,385. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,408/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Erika Cove • Society Real Estate
Mls Name: GSMLS
Mls ID: #3993933