522 Ridge RdNewtonNJ07860
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 Newton at 522 Ridge Rd, Newton, NJ, 07860 priced at $425,000 converts $3,479/mo rent into $450/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,479/mo, and annual cash flow totals $5,398/yr on $140,888 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 9.82% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 124.61% and total cumulative return in cash sums $175,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,479/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1970
2.10 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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Nearby investment properties with comparable prices
Listed by: Donna Coccio • Keller Williams Integrity
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957004
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