320 Market StBelvidereNJ07823
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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
Investment property for sale in Belvidere at 320 Market St, Belvidere, NJ, 07823 uses $72,930 cash to close to unlock $11,540/yr annual cash flow and $962/mo monthly cash flow. Total monthly income runs $2,563/mo, and a $1,077/mo payment keeps the spread at $962/mo. Purchase price stands at $220,000, and rental yield measures 13.98% with $2,563/mo rent. Return on cash invested shows 35.73% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 189.16% and total cumulative return in cash records $137,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,563/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
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Listed by: Radina Vilasco • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3941708
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