24 Berkeley Sq #24, Berkeley Heights, NJ, 07922 | 8.38% Rental Yield

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24 Berkeley Sq #24, Berkeley Heights, NJ, 07922 | 8.38% 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

Investment property for sale in Berkeley Heights at 24 Berkeley Sq #24, Berkeley Heights, NJ, 07922 listed at $550,000 pairs $3,840/mo rent with a $2,692/mo payment. Total monthly income runs $3,840/mo. Return on cash invested measures 19.53% in year one, and rental yield registers 8.38% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 102% and total cumulative return in cash totals $184,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1995

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

Bright, Spacious Home with Serene Outdoor Spaces. Discover a perfect blend of comfort, style, and nature in this beautifully maintained 2-bed, 2.5-bath home Step inside to generous living spaces, sun drenched rooms, gleaming wood floors and a freshly painted interior that is warm and inviting. Enter into the living room to relax by the fireplace or enjoy views into the backyard. An open concept dining room could accommodate a large dinner party & is perfect for entertaining. Enjoy coffee in the cozy breakfast nook. Upstairs, the expansive primary suite features an oversized walk-in closet, dressing area, and spa-like bath with stall shower and jacuzzi tub. A versatile loft area offers the perfect setting for a home office, dedicated media area or creative studio. The roomy 2nd floor bedroom and main bath rounds out the second floor. Relax in the finished walkout basement with family room and space for an exercise or game area. Plenty of storage space as well! Outdoor living includes a deck off the first floor with gas line for grilling and a patio off the basement - all overlooking a wooded lot. Berkeley Heights address but Watchung location, LOW TAXES, TOP RATED SCHOOLS. Close to major highways, transportation, restaurants and shopping. Short distance to Newark Airport and NYC. Fireplace, chimney and flue, jet tub and vacuum as is - no known issues. Grill, refrigerator and light in loft as is.

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