583 E Shore RdHewittNJ07421
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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 Hewitt at 583 E Shore Rd, Hewitt, NJ, 07421 offers a 11.97% rental yield on a $313,300 purchase with $3,125/mo rent. Total monthly income registers $3,125/mo, and a $1,533/mo payment leaves $861/mo available for distribution. Annual cash flow reaches $10,329/yr on $103,859 to close, and return on cash invested stands at 29.85% in year one. Equity gained on principal adds $2,022/yr while 5% annual appreciation supports $86,559 over five years. Portfolio math shows five-year ROI at 157.54% and total cumulative return in cash at $163,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,125/mo property income against a $1,533/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07421, Hewitt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,267 (100%) |
| Owner Occupied HU | 2,440 (74.7%) |
| Renter Occupied HU | 346 (10.6%) |
| Vacant Housing Units | 481 (14.7%) |
| Median Home Value | $466,094 |
| Average Home Value | $531,077 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
3,038
Multi-Family
0
Businesses
202
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