50 Mountain AveWarrenNJ07059
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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 Warren at 50 Mountain Ave, Warren, NJ, 07059 priced at $1,695,000 converts $5,721/mo rent into after a $8,296/mo obligation. Total monthly income equals $5,721/mo. Return on cash invested prints 6.47% in year one, and rental yield reads 4.05% against a $1,695,000 entry. Equity gained on principal adds $10,938/yr, while 5% annual appreciation compiles into $468,297 by year five. Five-year ROI reaches 31.95% and total cumulative return in cash sums $175,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,721/mo property income covering a $8,296/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07059, Warren, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,064 (100%) |
| Owner Occupied HU | 5,162 (85.1%) |
| Renter Occupied HU | 539 ( 8.9%) |
| Vacant Housing Units | 363 ( 6.0%) |
| Median Home Value | $955,093 |
| Average Home Value | $1,050,335 |
Housing Distribution
Address Breakdown
Residential
6,026
Single Family
5,915
Multi-Family
111
Businesses
656
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Listed by: Priscila Nascimento • Re/Max Premier
Mls Name: GSMLS
Mls ID: #4005245