6 Brookvale TerKinnelonNJ07405
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 Kinnelon at 6 Brookvale Ter, Kinnelon, NJ, 07405 offers $3,366/mo rent that, after a $3,279/mo payment. Total monthly income is $3,366/mo. Return on cash invested measures 12.39% in year one, and rental yield stands at 6.03% at a $669,900 entry. Equity gained on principal adds $4,323/yr while 5% annual appreciation compounds into $185,081 by year five. Five-year ROI records 63.72% and total cumulative return in cash reaches $140,433. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,366/mo property income versus a $3,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Nelson • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3996923