5 Mill Run W #232HightstownNJ08520
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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 Hightstown at 5 Mill Run W #232, Hightstown, NJ, 08520 generates $2,910/mo in rent and, after a $1,738/mo payment, leaves $379/mo in cash flow. Total monthly income is $2,910/mo, and annual cash flow is $4,550/yr on $117,683 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 9.84% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 124.83% and total cumulative return in cash sums $146,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,910/mo property income rather than buyer’s personal income.
Condo
Built in 1985
31.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08520, Hightstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,591 (100%) |
| Owner Occupied HU | 7,394 (63.8%) |
| Renter Occupied HU | 3,694 (31.9%) |
| Vacant Housing Units | 503 ( 4.3%) |
| Median Home Value | $427,988 |
| Average Home Value | $464,908 |
Housing Distribution
Address Breakdown
Residential
10,863
Single Family
10,018
Multi-Family
845
Businesses
786
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