3 Prospect StHigh BridgeNJ08829
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 High Bridge at 3 Prospect St, High Bridge, NJ, 08829 priced at $349,000 pairs $3,190/mo rent with $610/mo cash flow after a $1,708/mo payment. Total monthly income equals $3,190/mo, and annual cash flow comes to $7,314/yr on $115,694 invested. Return on cash invested is 26.23% in year one, and rental yield stands at 10.97% on a $349,000 basis. Equity gained on principal adds $2,252/yr, and 5% annual appreciation accumulates to $96,422 by year five. Five-year ROI measures 138.34% and total cumulative return in cash reaches $160,056. For financing, Ziffy Mortgage’s DSCR program evaluates $3,190/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08829, High Bridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,527 (100%) |
| Owner Occupied HU | 1,203 (78.8%) |
| Renter Occupied HU | 230 (15.1%) |
| Vacant Housing Units | 94 ( 6.2%) |
| Median Home Value | $346,416 |
| Average Home Value | $365,669 |
Housing Distribution
Address Breakdown
Residential
1,516
Single Family
1,516
Multi-Family
0
Businesses
82
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Nearby investment properties with comparable prices
Listed by: Jo Ann Deady • Kl Sotheby's Int'l. Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3945394
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