409 Spruce Hills Dr BLDG 409 #409,Glen Gardner,NJ,08826

Investment Highlights

Investment property for sale in Glen Gardner at 409 Spruce Hills Dr BLDG 409 #409, Glen Gardner, NJ, 08826 offers a 11.72% rental yield on a $239,500 purchase with $2,340/mo rent. Total monthly income registers $2,340/mo, and a $1,172/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,597/yr on $79,394 to close, and return on cash invested stands at 29.48% in year one. Equity gained on principal adds $1,545/yr while 5% annual appreciation supports $66,169 over five years. Portfolio math shows five-year ROI at 155.44% and total cumulative return in cash at $123,409. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $1,172/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.