58 Locust GroveHazletNJ07730
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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
Investment property for sale in Hazlet at 58 Locust Grove, Hazlet, NJ, 07730 listed at $239,900 pairs $1,709/mo rent with a $1,174/mo payment. Total monthly income runs $1,709/mo. Return on cash invested measures 19.9% in year one, and rental yield registers 8.55% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 104.06% and total cumulative return in cash totals $82,759. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,709/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07730, Hazlet, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,718 (100%) |
| Owner Occupied HU | 5,623 (83.7%) |
| Renter Occupied HU | 885 (13.2%) |
| Vacant Housing Units | 210 ( 3.1%) |
| Median Home Value | $496,590 |
| Average Home Value | $526,604 |
Housing Distribution
Address Breakdown
Residential
6,409
Single Family
6,269
Multi-Family
140
Businesses
643
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Listed by: Lynn Schaller • EXP Realty
Mls Name: MoreMLS
Mls ID: #22600801