28 Pine Terrace WestShort HillsNJ07078
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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 Short Hills at 28 Pine Terrace West, Short Hills, NJ, 07078 priced at $1,860,000 pairs $6,417/mo rent with after a $9,104/mo payment. Total monthly income equals $6,417/mo. Return on cash invested is 6.75% in year one, and rental yield stands at 4.14% on a $1,860,000 basis. Equity gained on principal adds $12,002/yr, and 5% annual appreciation accumulates to $513,884 by year five. Five-year ROI measures 33.42% and total cumulative return in cash reaches $201,429. For financing, Ziffy Mortgage’s DSCR program evaluates $6,417/mo property income against a $9,104/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07078, Short Hills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,520 (100%) |
| Owner Occupied HU | 3,730 (82.5%) |
| Renter Occupied HU | 616 (13.6%) |
| Vacant Housing Units | 174 ( 3.8%) |
| Median Home Value | $1,637,860 |
| Average Home Value | $1,627,410 |
Housing Distribution
Address Breakdown
Residential
4,606
Single Family
4,324
Multi-Family
282
Businesses
450
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Listed by: Sherill Lacy • Prominent Properties Sir
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957151
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