6 Caroline DrBelvidereNJ07823
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 Belvidere at 6 Caroline Dr, Belvidere, NJ, 07823 priced at $235,000 pairs $1,800/mo rent with $125/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $1,502/yr on $77,903 invested. Return on cash invested is 21.84% in year one, and rental yield stands at 9.19% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 114.47% and total cumulative return in cash reaches $89,176. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica A. Lippe • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3978499