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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berkeley Heights at 246 Sutton Dr, Berkeley Heights, NJ, 07922 priced at $749,000 pairs $5,672/mo rent with $333/mo cash flow after a $3,666/mo payment. Total monthly income equals $5,672/mo, and annual cash flow comes to $3,999/yr on $246,421 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 9.09% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 113.58% and total cumulative return in cash reaches $279,880. For financing, Ziffy Mortgage’s DSCR program evaluates $5,672/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
| 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 |
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $12436.59 | 3.58% | $290,100 | N/A |
| 2023-01-28 | $12006.73 | 0.63% | $290,100 | N/A |
| 2022-01-28 | $11931.30 | 0.56% | $290,100 | N/A |
Listed by: Thomas James Bianco • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943050
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
