2713 Hemingway LnMahwahNJ07430
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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
Rental property for sale in Mahwah at 2713 Hemingway Ln, Mahwah, NJ, 07430 priced at $300,000 pairs $2,970/mo rent with $529/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,970/mo, and annual cash flow comes to $6,348/yr on $99,450 invested. Return on cash invested is 26.29% in year one, and rental yield stands at 11.88% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 139.62% and total cumulative return in cash reaches $138,852. For financing, Ziffy Mortgage’s DSCR program evaluates $2,970/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$303 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07430, Mahwah, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,082 (100%) |
| Owner Occupied HU | 7,812 (77.5%) |
| Renter Occupied HU | 1,912 (19.0%) |
| Vacant Housing Units | 358 ( 3.6%) |
| Median Home Value | $716,854 |
| Average Home Value | $791,668 |
Housing Distribution
Address Breakdown
Residential
10,125
Single Family
9,025
Multi-Family
1,100
Businesses
752
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Listed by: Thomas Russo • RE/MAX SELECT - Oakland
Mls Name: NJMLS
Mls Provider:
Mls ID: #24034991
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-11-10 21:41:36 PST Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.