23 Turtleback RdCalifonNJ07830
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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 Califon at 23 Turtleback Rd, Califon, NJ, 07830 listed at $849,000 pairs $6,762/mo rent with a $4,155/mo payment to leave $711/mo cash flow. Total monthly income runs $6,762/mo, and annual cash flow reaches $8,531/yr on $279,321 cash to close. Return on cash invested measures 23.11% in year one, and rental yield registers 9.56% at a $849,000 basis. Equity gained on principal adds $5,478/yr, and annual property appreciation at 5% supports $234,563 by year five. Five-year ROI tracks 121.24% and total cumulative return in cash totals $338,636. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,762/mo property income relative to a $4,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07830, Califon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,849 (100%) |
| Owner Occupied HU | 2,402 (84.3%) |
| Renter Occupied HU | 257 ( 9.0%) |
| Vacant Housing Units | 190 ( 6.7%) |
| Median Home Value | $678,026 |
| Average Home Value | $742,443 |
Housing Distribution
Address Breakdown
Residential
2,451
Single Family
2,451
Multi-Family
0
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Sandra Hyde • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3975092