24 Doremus DrTowacoNJ07082
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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 Towaco at 24 Doremus Dr, Towaco, NJ, 07082 with 5% annual appreciation on a $1,488,800 basis while $5,434/mo rent supports operations. 49% in year one. Equity gained on principal adds $9,607/yr, and five-year appreciation sums $411,328 alongside rental yield of 4.38%. Five-year ROI measures 37.41% and total cumulative return in cash totals $180,443. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,434/mo property income versus a $7,287/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07082, Towaco, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,937 (100%) |
| Owner Occupied HU | 1,726 (89.1%) |
| Renter Occupied HU | 143 ( 7.4%) |
| Vacant Housing Units | 68 ( 3.5%) |
| Median Home Value | $746,544 |
| Average Home Value | $812,326 |
Housing Distribution
Address Breakdown
Residential
1,954
Single Family
1,954
Multi-Family
0
Businesses
166
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Listed by: Enid Davis • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3975039