33A Forshee CirMontvaleNJ07645
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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
Rental property for sale in Montvale at 33A Forshee Cir, Montvale, NJ, 07645 priced at $650,000 converts $6,410/mo rent into $1,777/mo cash flow after a $3,181/mo obligation. Total monthly income equals $6,410/mo, and annual cash flow totals $21,328/yr on $213,850 invested. Return on cash invested prints 30.03% in year one, and rental yield reads 11.83% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 158.35% and total cumulative return in cash sums $338,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,410/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07645, Montvale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,533 (100%) |
| Owner Occupied HU | 2,621 (74.2%) |
| Renter Occupied HU | 801 (22.7%) |
| Vacant Housing Units | 111 ( 3.1%) |
| Median Home Value | $749,662 |
| Average Home Value | $804,210 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,611
Multi-Family
196
Businesses
532
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Listed by: Kathleen Falco • Re/Max Select
Mls Name: GSMLS
Mls ID: #3985074