538 Andria Ave #287HillsboroughNJ08844
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
Investment property for sale in Hillsborough at 538 Andria Ave #287, Hillsborough, NJ, 08844 uses $81,218 cash to close to unlock $6,982/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $2,328/mo, and a $1,199/mo payment keeps the spread at $582/mo. Purchase price stands at $245,000, and rental yield measures 11.4% with $2,328/mo rent. Return on cash invested shows 28.51% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 150.16% and total cumulative return in cash records $121,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Housing Distribution
Address Breakdown
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Fusco • M Square Real Estate
Mls Name: GSMLS
Mls ID: #4005935