333 E Main StRockawayNJ07866
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
Investment property for sale in Rockaway at 333 E Main St, Rockaway, NJ, 07866 uses $157,463 cash to close to unlock $6,626/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $3,938/mo, and a $2,325/mo payment keeps the spread at $552/mo. Purchase price stands at $475,000, and rental yield measures 9.95% with $3,938/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 126.66% and total cumulative return in cash records $199,435. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,938/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1922
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick J Ruotolo • Re/Max Town & Valley Ii
Mls Name: GSMLS
Mls ID: #4002298