513 Drakestown RdFlandersNJ07836
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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 Flanders at 513 Drakestown Rd, Flanders, NJ, 07836 generates $4,943/mo in rent, after a $3,421/mo payment. Total monthly income is $4,943/mo. Return on cash invested sits at 19.86% in year one, and rental yield is 8.49% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 103.76% and total cumulative return in cash sums $238,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,943/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
9.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07836, Flanders, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,151 (100%) |
| Owner Occupied HU | 3,445 (66.9%) |
| Renter Occupied HU | 1,539 (29.9%) |
| Vacant Housing Units | 167 ( 3.2%) |
| Median Home Value | $580,259 |
| Average Home Value | $623,827 |
Housing Distribution
Address Breakdown
Residential
4,827
Single Family
4,717
Multi-Family
110
Businesses
441
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Listed by: CHRISTOPHER EGRI • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls ID: #2607950R