313 Grand AveHackettstownNJ07840
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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
Investment property for sale in Hackettstown at 313 Grand Ave, Hackettstown, NJ, 07840 uses $182,595 cash to close to unlock $15,174/yr annual cash flow and $1,265/mo monthly cash flow. Total monthly income runs $5,220/mo, and a $2,716/mo payment keeps the spread at $1,265/mo. Purchase price stands at $555,000, and rental yield measures 11.29% with $5,220/mo rent. Return on cash invested shows 28.37% in year one, and 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 149.44% and total cumulative return in cash records $272,864. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,220/mo property income covering a $2,716/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07840, Hackettstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,631 (100%) |
| Owner Occupied HU | 8,650 (63.5%) |
| Renter Occupied HU | 4,448 (32.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $431,882 |
| Average Home Value | $463,812 |
Housing Distribution
Address Breakdown
Residential
12,801
Single Family
12,174
Multi-Family
627
Businesses
1,178
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Listed by: Ashley Young • Redfin Corporation
Mls Name: GSMLS
Mls ID: #3993534