40 Miami TrlRockawayNJ07866
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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 Rockaway at 40 Miami Trl, Rockaway, NJ, 07866 priced at $665,000 pairs $5,672/mo rent with $932/mo cash flow after a $3,255/mo payment. Total monthly income equals $5,672/mo, and annual cash flow comes to $11,182/yr on $218,785 invested. Return on cash invested is 25.17% in year one, and rental yield stands at 10.24% on a $665,000 basis. Equity gained on principal adds $4,291/yr, and 5% annual appreciation accumulates to $183,727 by year five. Five-year ROI measures 132.27% and total cumulative return in cash reaches $289,387. For financing, Ziffy Mortgage’s DSCR program evaluates $5,672/mo property income against a $3,255/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Sajimon Antony • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3994537