23 Wren CourtBerkeley HeightsNJ07922
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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 Berkeley Heights at 23 Wren Court, Berkeley Heights, NJ, 07922 earns $507/mo cash flow from $4,063/mo rent with a $2,442/mo payment. Total monthly income totals $4,063/mo, and annual cash flow totals $6,079/yr on $165,419 capital. ROI tracks 23.58% on current figures, and rental yield reads 9.77% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 123.78% and total cumulative return in cash sums $204,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,063/mo property income instead of your personal income.
Townhouse
Built in 1994
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3984507