3302 Richmond CtHillsboroughNJ08844
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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
Investment property for sale in Hillsborough at 3302 Richmond Ct, Hillsborough, NJ, 08844 offers a 10.65% rental yield on a $351,000 purchase with $3,115/mo rent. Total monthly income registers $3,115/mo, and a $1,718/mo payment leaves $613/mo available for distribution. Annual cash flow reaches $7,357/yr on $116,357 to close, and return on cash invested stands at 26.23% in year one. Equity gained on principal adds $2,265/yr while 5% annual appreciation supports $96,975 over five years. Portfolio math shows five-year ROI at 138.02% and total cumulative return in cash at $160,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,115/mo property income against a $1,718/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Housing Distribution
Address Breakdown
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
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Listed by: Douglas J. Swearengin • Re/Max Instyle
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968671
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