59 Sowers DrHackettstownNJ07840
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 Hackettstown at 59 Sowers Dr, Hackettstown, NJ, 07840 offers $3,353/mo rent that, after a $2,496/mo payment. Total monthly income is $3,353/mo. Return on cash invested measures 16.39% in year one, and rental yield stands at 7.89% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 85.78% and total cumulative return in cash reaches $143,931. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,353/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
4,356 sqft lot
$N/A/sqft
$231 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07840, Hackettstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,631 (100%) |
| Owner Occupied HU | 8,650 (63.5%) |
| Renter Occupied HU | 4,448 (32.6%) |
| Vacant Housing Units | 533 ( 3.9%) |
| Median Home Value | $431,882 |
| Average Home Value | $463,812 |
Housing Distribution
Address Breakdown
Residential
12,801
Single Family
12,174
Multi-Family
627
Businesses
1,178
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Listed by: Stephen M Yakimec • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3972464
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