








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Hillsborough at 23 Cranbrook Ave, Hillsborough, NJ, 08844 offers $4,126/mo rent that, after a $3,128/mo payment. Total monthly income is $4,126/mo. Return on cash invested measures 17.61% in year one, and rental yield stands at 7.75% at a $639,000 entry. Equity gained on principal adds $4,123/yr while 5% annual appreciation compounds into $176,544 by year five. Five-year ROI records 91.72% and total cumulative return in cash reaches $192,832. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,126/mo property income versus a $3,128/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Nicole Yard • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3983899