32 Summer AveDoverNJ07801
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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 Dover at 32 Summer Ave, Dover, NJ, 07801 generates $3,590/mo in rent and, after a $1,958/mo payment, leaves $739/mo in cash flow. Total monthly income is $3,590/mo, and annual cash flow is $8,864/yr on $132,600 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 10.77% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash sums $185,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07801, Dover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,059 (100%) |
| Owner Occupied HU | 4,572 (50.5%) |
| Renter Occupied HU | 4,263 (47.1%) |
| Vacant Housing Units | 224 ( 2.5%) |
| Median Home Value | $400,436 |
| Average Home Value | $424,981 |
Housing Distribution
Address Breakdown
Residential
8,566
Single Family
7,892
Multi-Family
674
Businesses
664
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Listed by: Elvin Ruiz • Re/Max House Values
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929189
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