32 Rhea RunNewtonNJ07860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newton at 32 Rhea Run, Newton, NJ, 07860 priced at $330,000 pairs $2,778/mo rent with $426/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,778/mo, and annual cash flow comes to $5,112/yr on $109,395 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 10.1% on a $330,000 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,173 by year five. Five-year ROI measures 129.12% and total cumulative return in cash reaches $141,251. For financing, Ziffy Mortgage’s DSCR program evaluates $2,778/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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Listed by: Tolga Erzene • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #4001969