315 Leonardville RoadBelfordNJ07718
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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 Belford at 315 Leonardville Road, Belford, NJ, 07718 priced at $424,999 pairs $4,472/mo rent with $1,443/mo cash flow after a $2,080/mo payment. Total monthly income equals $4,472/mo, and annual cash flow comes to $17,314/yr on $140,887 invested. Return on cash invested is 32.2% in year one, and rental yield stands at 12.63% on a $424,999 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,419 by year five. Five-year ROI measures 169.98% and total cumulative return in cash reaches $239,476. For financing, Ziffy Mortgage’s DSCR program evaluates $4,472/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07718, Belford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,393 (100%) |
| Owner Occupied HU | 2,057 (86.0%) |
| Renter Occupied HU | 242 (10.1%) |
| Vacant Housing Units | 94 ( 3.9%) |
| Median Home Value | $566,563 |
| Average Home Value | $593,610 |
Housing Distribution
Address Breakdown
Residential
2,278
Single Family
2,268
Multi-Family
10
Businesses
155
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Listed by: Charles O'rourke • RE/MAX First Class
Mls Name: MOMLS
Mls Provider:
Mls ID: #22423374
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.