487 Harding AvenueBerkeleyNJ08721
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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 Berkeley at 487 Harding Avenue, Berkeley, NJ, 08721 offers $4,204/mo rent that, after a $3,764/mo payment. Total monthly income is $4,204/mo. Return on cash invested measures 14% in year one, and rental yield stands at 6.56% at a $769,000 entry. Equity gained on principal adds $4,962/yr while 5% annual appreciation compounds into $212,461 by year five. Five-year ROI records 72.37% and total cumulative return in cash reaches $183,091. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,204/mo property income versus a $3,764/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08721, Bayville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,619 (100%) |
| Owner Occupied HU | 7,129 (74.1%) |
| Renter Occupied HU | 1,504 (15.6%) |
| Vacant Housing Units | 986 (10.3%) |
| Median Home Value | $471,653 |
| Average Home Value | $536,444 |
Housing Distribution
Address Breakdown
Residential
8,902
Single Family
8,902
Multi-Family
0
Businesses
409
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Listed by: Rebecca Brick • Keller Williams Preferred Properties,Bayville
Mls Name: MOMLS
Mls Provider:
Mls ID: #22509687
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.