38 Pheasant RunOld TappanNJ07675
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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 Old Tappan at 38 Pheasant Run, Old Tappan, NJ, 07675 priced at $749,000 pairs $5,400/mo rent with $61/mo cash flow after a $3,666/mo payment. Total monthly income equals $5,400/mo, and annual cash flow comes to $735/yr on $246,421 invested. Return on cash invested is 20.36% in year one, and rental yield stands at 8.65% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 106.47% and total cumulative return in cash reaches $262,372. For financing, Ziffy Mortgage’s DSCR program evaluates $5,400/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Julia Shin • RE/MAX SELECT - Fort Lee
Mls Name: NJMLS
Mls ID: #25030977