231 Vista Dr BLDG 11 #231Cedar KnollsNJ07927
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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 Cedar Knolls at 231 Vista Dr BLDG 11 #231, Cedar Knolls, NJ, 07927 listed at $325,000 pairs $2,240/mo rent with a $1,591/mo payment. Total monthly income runs $2,240/mo. Return on cash invested measures 15.28% in year one, and rental yield registers 8.27% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 80.64% and total cumulative return in cash totals $86,881. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,240/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
3,484 sqft lot
$N/A/sqft
$339 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07927, Cedar Knolls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,855 (100%) |
| Owner Occupied HU | 1,252 (67.5%) |
| Renter Occupied HU | 539 (29.1%) |
| Vacant Housing Units | 64 ( 3.5%) |
| Median Home Value | $639,865 |
| Average Home Value | $654,393 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,656
Multi-Family
56
Businesses
376
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Listed by: Dorota Kundera • Keller Williams Metropolitan
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971736
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