31 Angela WayBerkeley HeightsNJ07922
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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 Berkeley Heights at 31 Angela Way, Berkeley Heights, NJ, 07922 priced at $595,000 converts $3,840/mo rent into after a $2,912/mo obligation. Total monthly income equals $3,840/mo. Return on cash invested prints 17.6% in year one, and rental yield reads 7.74% against a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation compiles into $164,388 by year five. Five-year ROI reaches 91.7% and total cumulative return in cash sums $179,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $2,912/mo payment, not borrower’s personal income.
Townhouse
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Joanne Hall • Redfin Corporation
Mls Name: GSMLS
Mls ID: #4006886