231 Friendship RoadHowellNJ07731
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 Howell at 231 Friendship Road, Howell, NJ, 07731 priced at $1,899,000 pairs $6,739/mo rent with after a $9,295/mo payment. Total monthly income equals $6,739/mo. Return on cash invested is 7.11% in year one, and rental yield stands at 4.26% on a $1,899,000 basis. Equity gained on principal adds $12,254/yr, and 5% annual appreciation accumulates to $524,659 by year five. Five-year ROI measures 35.38% and total cumulative return in cash reaches $217,705. For financing, Ziffy Mortgage’s DSCR program evaluates $6,739/mo property income against a $9,295/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Listed by: Tara Agnese • Keller Williams Realty Monmouth/Ocean
Mls Name: MoreMLS
Mls ID: #22602278