24 Forest DrSuccasunnaNJ07876
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 Succasunna at 24 Forest Dr, Succasunna, NJ, 07876 priced at $535,678 converts $4,945/mo rent into $1,127/mo cash flow after a $2,622/mo obligation. Total monthly income equals $4,945/mo, and annual cash flow totals $13,520/yr on $176,238 invested. Return on cash invested prints 27.73% in year one, and rental yield reads 11.08% against a $535,678 entry. Equity gained on principal adds $3,457/yr, while 5% annual appreciation compiles into $147,998 by year five. Five-year ROI reaches 146.01% and total cumulative return in cash sums $257,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,945/mo property income covering a $2,622/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07876, Succasunna, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,757 (100%) |
| Owner Occupied HU | 3,406 (90.7%) |
| Renter Occupied HU | 284 ( 7.6%) |
| Vacant Housing Units | 67 ( 1.8%) |
| Median Home Value | $510,152 |
| Average Home Value | $543,627 |
Housing Distribution
Address Breakdown
Residential
3,648
Single Family
3,648
Multi-Family
0
Businesses
361
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Listed by: Meredith Giudice • Compass New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968386
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