23 Forest DrNewtonNJ07860
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 Newton at 23 Forest Dr, Newton, NJ, 07860 generates $4,452/mo in rent and, after a $2,447/mo payment, leaves $888/mo in cash flow. Total monthly income is $4,452/mo, and annual cash flow is $10,660/yr on $165,750 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 10.68% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 138.57% and total cumulative return in cash sums $229,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,452/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Quadhir Cline • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985969