400-37 E Randolph Ave BLDG 400 #37Mine HillNJ07803
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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 Mine Hill at 400-37 E Randolph Ave BLDG 400 #37, Mine Hill, NJ, 07803 generates $3,790/mo in rent and, after a $2,002/mo payment, leaves $875/mo in cash flow. Total monthly income is $3,790/mo, and annual cash flow is $10,495/yr on $135,584 invested. Return on cash invested sits at 27.65% in year one, and rental yield is 11.12% on a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 145.59% and total cumulative return in cash sums $197,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,790/mo property income rather than buyer’s personal income.
Condo
Built in 1993
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07803, Mine Hill, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,559 (100%) |
| Owner Occupied HU | 1,327 (85.1%) |
| Renter Occupied HU | 198 (12.7%) |
| Vacant Housing Units | 34 ( 2.2%) |
| Median Home Value | $435,732 |
| Average Home Value | $614,286 |
Housing Distribution
Address Breakdown
Residential
1,474
Single Family
1,417
Multi-Family
57
Businesses
81
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Listed by: Angamuthu Pugazendhi • Quick Closing Realty Llc
Mls Name: GSMLS
Mls ID: #4003346