54 Hardscrabble RdMendhamNJ07945
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 Mendham at 54 Hardscrabble Rd, Mendham, NJ, 07945 priced at $800,000 pairs $7,963/mo rent with $2,260/mo cash flow after a $3,916/mo payment. Total monthly income equals $7,963/mo, and annual cash flow comes to $27,124/yr on $263,200 invested. Return on cash invested is 30.37% in year one, and rental yield stands at 11.94% on a $800,000 basis. Equity gained on principal adds $5,162/yr, and 5% annual appreciation accumulates to $221,025 by year five. Five-year ROI measures 160.13% and total cumulative return in cash reaches $421,472. For financing, Ziffy Mortgage’s DSCR program evaluates $7,963/mo property income against a $3,916/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
13.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07945, Mendham, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,570 (100%) |
| Owner Occupied HU | 3,022 (84.6%) |
| Renter Occupied HU | 378 (10.6%) |
| Vacant Housing Units | 170 ( 4.8%) |
| Median Home Value | $924,874 |
| Average Home Value | $1,061,027 |
Housing Distribution
Address Breakdown
Residential
3,332
Single Family
3,293
Multi-Family
39
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gale Sauchelli • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3845980
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.