503 Cottonwood CourtHowellNJ07731
Nearby investment properties with comparable rents
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
Rental property for sale in Howell at 503 Cottonwood Court, Howell, NJ, 07731 priced at $440,000 converts $4,235/mo rent into $838/mo cash flow after a $2,154/mo obligation. Total monthly income equals $4,235/mo, and annual cash flow totals $10,060/yr on $145,860 invested. Return on cash invested prints 26.81% in year one, and rental yield reads 11.55% against a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 141.85% and total cumulative return in cash sums $206,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,235/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 1986
2,613 sqft lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Listed by: David Borrero • RE/MAX Homeland Realtors
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22512827
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.