32 Cherryville Hollow RdFlemingtonNJ08822
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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 Flemington at 32 Cherryville Hollow Rd, Flemington, NJ, 08822 priced at $995,000 converts $4,039/mo rent into after a $4,870/mo obligation. Total monthly income equals $4,039/mo. Return on cash invested prints 8.87% in year one, and rental yield reads 4.87% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 44.84% and total cumulative return in cash sums $146,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,039/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 1972
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08822, Flemington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,108 (100%) |
| Owner Occupied HU | 9,836 (75.0%) |
| Renter Occupied HU | 2,786 (21.3%) |
| Vacant Housing Units | 486 ( 3.7%) |
| Median Home Value | $566,418 |
| Average Home Value | $589,666 |
Housing Distribution
Address Breakdown
Residential
12,747
Single Family
12,470
Multi-Family
277
Businesses
1,692
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Listed by: BIG ED Regan • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJHT2004468