29 Drake AveDoverNJ07801
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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 Dover at 29 Drake Ave, Dover, NJ, 07801 priced at $449,000 converts $4,045/mo rent into $844/mo cash flow after a $2,198/mo obligation. Total monthly income equals $4,045/mo, and annual cash flow totals $10,131/yr on $148,844 invested. Return on cash invested prints 26.72% in year one, and rental yield reads 10.81% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 140.6% and total cumulative return in cash sums $209,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,045/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,059 (100%) |
| Owner Occupied HU | 4,572 (50.5%) |
| Renter Occupied HU | 4,263 (47.1%) |
| Vacant Housing Units | 224 ( 2.5%) |
| Median Home Value | $400,436 |
| Average Home Value | $424,981 |
Housing Distribution
Address Breakdown
Residential
8,566
Single Family
7,892
Multi-Family
674
Businesses
664
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Listed by: N/A • Luis Sanchez Realty Llc
Mls Name: GSMLS
Mls ID: #3974744