24 Shady LnNewtonNJ07860
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
Investment property for sale in Newton at 24 Shady Ln, Newton, NJ, 07860 at $370,000 posts ROI 28.2% with $848/mo cash flow from $3,485/mo rent. Total monthly income equals $3,485/mo, and annual cash flow records $10,172/yr on $122,655 to close. Return on cash invested measures 28.2% and rental yield reads 11.3% at the current $370,000. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 by year five. Five-year ROI prints 148.55% and total cumulative return in cash totals $182,201.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,485/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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Listed by: Marielle A. Diagostino • Re/Max Platinum Group
Mls Name: GSMLS
Mls ID: #4007413