47 Heritage DrEast HanoverNJ07936
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in East Hanover at 47 Heritage Dr, East Hanover, NJ, 07936 with 5% annual appreciation on a $999,990 basis while $4,700/mo rent supports operations. 21% in year one. Equity gained on principal adds $6,453/yr, and five-year appreciation sums $276,279 alongside rental yield of 5.64%. Five-year ROI measures 57.38% and total cumulative return in cash totals $188,784. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,700/mo property income versus a $4,894/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christine Nagy • Coccia Real Estate Group, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3946266
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.