329 Kinnelon RdKinnelonNJ07405
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 Kinnelon at 329 Kinnelon Rd, Kinnelon, NJ, 07405 priced at $499,999 converts $3,930/mo rent into $366/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,930/mo, and annual cash flow totals $4,396/yr on $165,750 invested. Return on cash invested prints 22.56% in year one, and rental yield reads 9.43% against a $499,999 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 118.31% and total cumulative return in cash sums $196,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,930/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
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Nearby investment properties with comparable prices
Listed by: Brianna Bastianelli • Signature Realty Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3933314
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