3 Roger Dr, Andover, NJ, 07821 | $814/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3 Roger Dr, Andover, NJ, 07821 | $814/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Andover at 3 Roger Dr, Andover, NJ, 07821 offers $4,200/mo rent that, after a $2,325/mo payment, leaves $814/mo cash flow. Total monthly income is $4,200/mo, and annual cash flow is $9,770/yr on $157,463 cash. Return on cash invested measures 26.11% in year one, and rental yield stands at 10.61% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 137.37% and total cumulative return in cash reaches $216,307. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,200/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Home Sweet Home Just in Time for the Holidays! Welcome to this beautifully renovated 3-bedroom ranch, where every detail has been updated with style and care. Completely redone in 2020, this home is truly move-in ready and offers the perfect blend of comfort, convenience, and charm. Step inside to find gleaming hardwood floors, an open-concept living room and kitchen, and a custom coffee bar perfect for your morning routine. The kitchen features granite countertops, a stunning backsplash, and newer stainless-steel appliances. Sliding glass doors lead to a private, fenced-in backyard with a newer built deck - ideal for relaxing or entertaining. Enjoy a peacefully wooded setting and level lot, plus plenty of space to park your boat or extra vehicles. You'll love being just minutes from Cranberry Lake, Route 206, and Route 80 a great location for commuting and recreation alike. The basement has been recently enhanced with a new full bathroom and laundry room, with additional space ready to finish your way. Other major upgrades include a new natural gas connection, security system, and water filtration system, plus newer septic, HVAC, water heater, roof, and windows. Nothing left to do but move in and make it yours. Homes this turnkey don't come around often schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,944 (100%)
Owner Occupied HU	3,089 (78.3%)
Renter Occupied HU	407 (10.3%)
Vacant Housing Units	448 (11.4%)
Median Home Value	$451,606
Average Home Value	$492,629