23 Lingert Ave, Clinton, NJ, 08809 | 7.03% Rental Yield

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23 Lingert Ave, Clinton, NJ, 08809 | 7.03% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Clinton at 23 Lingert Ave, Clinton, NJ, 08809 priced at $675,000 converts $3,953/mo rent into after a $3,304/mo obligation. Total monthly income equals $3,953/mo. Return on cash invested prints 15.42% in year one, and rental yield reads 7.03% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 79.99% and total cumulative return in cash sums $177,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,953/mo property income covering a $3,304/mo payment, not borrower’s personal income.

Single Family

Built in 1955

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful 4-bedroom, 2.5-bath home in the heart of Clinton. The chef's kitchen features a Wolf 6-burner propane stove with oven and a half, GE Monogram oversized refrigerator, and GE Monogram dishwasher, plus custom cabinetry and generous counter space. Bright, open living areas flow throughout the main level. Upstairs, the spacious primary suite includes an en suite bath, with three additional bedrooms and a full bath. A large billiards room with a fireplace and a versatile bonus room offer endless possibilities for entertaining, work, or play. Hardwood floors, central air, private backyard, and a prime location near Routes 78 & 31, schools, shops, and downtown Clinton complete this home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08809, Clinton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,598 (100%)
Owner Occupied HU	1,741 (67.0%)
Renter Occupied HU	730 (28.1%)
Vacant Housing Units	127 ( 4.9%)
Median Home Value	$447,167
Average Home Value	$460,139