320 Wagon Wheel RdMontagueNJ07827
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 Montague at 320 Wagon Wheel Rd, Montague, NJ, 07827 priced at $329,900 pairs $2,801/mo rent with $356/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,801/mo, and annual cash flow comes to $4,275/yr on $109,362 invested. Return on cash invested is 23.82% in year one, and rental yield stands at 10.19% on a $329,900 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,145 by year five. Five-year ROI measures 125.44% and total cumulative return in cash reaches $137,187. For financing, Ziffy Mortgage’s DSCR program evaluates $2,801/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.45 Acres lot
$N/A/sqft
$93 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07827, Montague, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,061 (100%) |
| Owner Occupied HU | 1,390 (67.4%) |
| Renter Occupied HU | 390 (18.9%) |
| Vacant Housing Units | 281 (13.6%) |
| Median Home Value | $354,938 |
| Average Home Value | $401,496 |
Housing Distribution
Address Breakdown
Residential
1,216
Single Family
1,216
Multi-Family
0
Businesses
90
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Listed by: Lynnse Merfert • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3937441
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