24 Summer DrBerlinNJ08009
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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 Berlin at 24 Summer Dr, Berlin, NJ, 08009 offers a 10.42% rental yield on a $429,900 purchase with $3,734/mo rent. Total monthly income registers $3,734/mo, and a $2,104/mo payment leaves $670/mo available for distribution. Annual cash flow reaches $8,039/yr on $142,512 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 134.32% and total cumulative return in cash at $191,419. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,734/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08009, Berlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,654 (100%) |
| Owner Occupied HU | 4,330 (76.6%) |
| Renter Occupied HU | 1,079 (19.1%) |
| Vacant Housing Units | 245 ( 4.3%) |
| Median Home Value | $347,480 |
| Average Home Value | $361,330 |
Housing Distribution
Address Breakdown
Residential
6,213
Single Family
6,073
Multi-Family
140
Businesses
585
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Listed by: Dave Beach • RE/MAX Community-Williamstown
Mls Name: Bright MLS
Mls ID: #NJCD2103826