5 Railroad Ave, Andover, NJ, 07821 | $225/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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5 Railroad Ave, Andover, NJ, 07821 | $225/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Andover at 5 Railroad Ave, Andover, NJ, 07821 uses $116,025 cash to close to unlock $2,704/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $2,720/mo, and a $1,713/mo payment keeps the spread at $225/mo. Purchase price stands at $349,999, and rental yield measures 9.33% with $2,720/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 116.59% and total cumulative return in cash records $135,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,720/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1876

0.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming colonial located in the heart of Andover Boro. As you pull down the large driveway to an oversized 2car detached carport you can walk up to a stunning covered porch to truly sit and enjoy the changing of leaves. This home features 3 generously sized bedrooms with a walk in closet on the second floor. The main level allows for ample entertaining and relaxing which does flow right into the backyard. The living room is perfect to settle down and cozy in with the pellet stove as the nights start to get a little crisper. The kitchen highlights a breakfast bar. There are solar panels that make this home so unique and incredibly affordable by vastly lowering the electric. The backyard space is remarkable on its own as it is a beautifully maintained level lot with ample storage. This home is in a quiet neighborhood however only minutes from dining, shopping and entertainment. This is truly a rare opportunity in Andover Boro- don't wait to schedule your personal tour today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,944 (100%)
Owner Occupied HU	3,089 (78.3%)
Renter Occupied HU	407 (10.3%)
Vacant Housing Units	448 (11.4%)
Median Home Value	$451,606
Average Home Value	$492,629