6 Summit 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
Investment property for sale in Kinnelon at 6 Summit Ter, Kinnelon, NJ, 07405 listed at $1,100,000 pairs $4,088/mo rent with a $5,384/mo payment. Total monthly income runs $4,088/mo. Return on cash invested measures 6.48% in year one, and rental yield registers 4.46% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 32.43% and total cumulative return in cash totals $115,567. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,088/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
1.31 Acres lot
$N/A/sqft
$4,483 annually 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
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Nearby investment properties with comparable prices
Listed by: Lisa Masterson • Prominent Properties Sir
Mls Name: GSMLS
Mls Provider:
Mls ID: #3969427
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