40 Gristmill RoadHowellNJ07731
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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 Howell at 40 Gristmill Road, Howell, NJ, 07731 offers $5,156/mo rent that, after a $4,165/mo payment. Total monthly income is $5,156/mo. Return on cash invested measures 16.16% in year one, and rental yield stands at 7.27% at a $851,000 entry. Equity gained on principal adds $5,491/yr while 5% annual appreciation compounds into $235,116 by year five. Five-year ROI records 83.96% and total cumulative return in cash reaches $235,068. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,156/mo property income versus a $4,165/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Listed by: Jodi Leigh Krug • Keller Williams Shore Properties
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22518172
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.