5 Scenic DrNewtonNJ07860
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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 Newton at 5 Scenic Dr, Newton, NJ, 07860 uses $124,313 cash to close to unlock $12,054/yr annual cash flow and $1,005/mo monthly cash flow. Total monthly income runs $3,677/mo, and a $1,835/mo payment keeps the spread at $1,005/mo. Purchase price stands at $375,000, and rental yield measures 11.77% with $3,677/mo rent. Return on cash invested shows 29.61% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 156.08% and total cumulative return in cash records $194,031. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,677/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1988
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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Listed by: Raimonds Erins • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3996917