229 East LnClarkNJ07066
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 Clark at 229 East Ln, Clark, NJ, 07066 priced at $460,000 pairs $4,163/mo rent with $885/mo cash flow after a $2,251/mo payment. Total monthly income equals $4,163/mo, and annual cash flow comes to $10,616/yr on $152,490 invested. Return on cash invested is 26.87% in year one, and rental yield stands at 10.86% on a $460,000 basis. Equity gained on principal adds $2,968/yr, and 5% annual appreciation accumulates to $127,090 by year five. Five-year ROI measures 141.41% and total cumulative return in cash reaches $215,641. For financing, Ziffy Mortgage’s DSCR program evaluates $4,163/mo property income against a $2,251/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07066, Clark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,032 (100%) |
| Owner Occupied HU | 4,502 (74.6%) |
| Renter Occupied HU | 1,323 (21.9%) |
| Vacant Housing Units | 207 ( 3.4%) |
| Median Home Value | $619,297 |
| Average Home Value | $666,137 |
Housing Distribution
Address Breakdown
Residential
6,313
Single Family
5,740
Multi-Family
573
Businesses
592
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholaus Miller • Kistle Realty, Llc.
Mls Name: GSMLS
Mls ID: #4006690