390 Forest Hill WayMountainsideNJ07092
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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 Mountainside at 390 Forest Hill Way, Mountainside, NJ, 07092 offers $7,364/mo rent that, after a $6,486/mo payment. Total monthly income is $7,364/mo. Return on cash invested measures 14.55% in year one, and rental yield stands at 6.67% at a $1,325,250 entry. Equity gained on principal adds $8,552/yr while 5% annual appreciation compounds into $366,142 by year five. Five-year ROI records 75.28% and total cumulative return in cash reaches $323,255. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,364/mo property income versus a $6,486/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07092, Mountainside, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,603 (100%) |
| Owner Occupied HU | 2,319 (89.1%) |
| Renter Occupied HU | 135 ( 5.2%) |
| Vacant Housing Units | 149 ( 5.7%) |
| Median Home Value | $765,240 |
| Average Home Value | $813,788 |
Housing Distribution
Address Breakdown
Residential
2,639
Single Family
2,541
Multi-Family
98
Businesses
386
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Nearby investment properties with comparable prices
Listed by: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3974472
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