38 E Hancock StRiversideNJ08075
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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 Riverside at 38 E Hancock St, Riverside, NJ, 08075 with 5% annual appreciation on a $365,000 basis while $3,488/mo rent supports operations. Total monthly income totals $3,488/mo and a $1,786/mo payment preserves $887/mo for cash returns. Annual cash flow comes to $10,642/yr on $120,998 deployed, and return on cash invested reaches 28.7% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 11.47%. Five-year ROI measures 151.23% and total cumulative return in cash totals $182,983.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,488/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
6,299 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08075, Riverside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,515 (100%) |
| Owner Occupied HU | 8,314 (66.4%) |
| Renter Occupied HU | 3,688 (29.5%) |
| Vacant Housing Units | 513 ( 4.1%) |
| Median Home Value | $342,696 |
| Average Home Value | $379,444 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
12,079
Multi-Family
181
Businesses
701
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Listed by: Ahuva Koppelman • American Realty Co.
Mls Name: Bright MLS
Mls ID: #NJBL2103748