36 Hilltop 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 36 Hilltop Rd, Kinnelon, NJ, 07405 priced at $1,350,000 converts $7,457/mo rent into after a $6,608/mo obligation. Total monthly income equals $7,457/mo. Return on cash invested prints 13.46% in year one, and rental yield reads 6.63% against a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation compiles into $372,980 by year five. Five-year ROI reaches 69.76% and total cumulative return in cash sums $305,141. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,457/mo property income covering a $6,608/mo payment, not borrower’s personal income.
Single Family
Built in 1986
3 Acres lot
$N/A/sqft
$353 monthly 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: Danielle Higgins • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928235
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