407 Hardwick StBelvidereNJ07823
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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 Belvidere at 407 Hardwick St, Belvidere, NJ, 07823 priced at $294,900 pairs $2,245/mo rent with $143/mo cash flow after a $1,443/mo payment. Total monthly income equals $2,245/mo, and annual cash flow comes to $1,721/yr on $97,759 invested. Return on cash invested is 21.67% in year one, and rental yield stands at 9.14% on a $294,900 basis. Equity gained on principal adds $1,903/yr, and 5% annual appreciation accumulates to $81,475 by year five. Five-year ROI measures 113.54% and total cumulative return in cash reaches $110,995. For financing, Ziffy Mortgage’s DSCR program evaluates $2,245/mo property income against a $1,443/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
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Nearby investment properties with comparable prices
Listed by: Patricia Mclain • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952997
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