581 Montgomery RdHillsboroughNJ08844
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 Hillsborough at 581 Montgomery Rd, Hillsborough, NJ, 08844 priced at $1,250,000 converts $5,951/mo rent into after a $6,118/mo obligation. Total monthly income equals $5,951/mo. Return on cash invested prints 11.6% in year one, and rental yield reads 5.71% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 59.47% and total cumulative return in cash sums $240,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,951/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 1985
12.90 Acres 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: Johnny Angelo • Corcoran Infinity Properties
Mls Name: GSMLS
Mls ID: #3990183