581 Phillip LnWatchungNJ07069
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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
Rental property for sale in Watchung at 581 Phillip Ln, Watchung, NJ, 07069 priced at $949,000 converts $1,800/mo rent into after a $4,645/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 0.98% in year one, and rental yield reads 2.28% against a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation compiles into $262,191 by year five. Five-year ROI reaches 2.54% and total cumulative return in cash sums $7,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $4,645/mo payment, not borrower’s personal income.
Single Family
Built in 1975
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07069, Watchung, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,060 (100%) |
| Owner Occupied HU | 2,188 (71.5%) |
| Renter Occupied HU | 777 (25.4%) |
| Vacant Housing Units | 95 ( 3.1%) |
| Median Home Value | $835,962 |
| Average Home Value | $867,602 |
Housing Distribution
Address Breakdown
Residential
2,432
Single Family
2,330
Multi-Family
102
Businesses
280
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Listed by: Michele Dibenedetto • Bhhs Fox & Roach
Mls Name: GSMLS
Mls ID: #3987947