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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Belvidere at 616 5th St, Belvidere, NJ, 07823 at $379,000 posts ROI 11.87% with from $1,860/mo rent. Total monthly income equals $1,860/mo. Return on cash invested measures 11.87% and rental yield reads 5.89% at the current $379,000. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 by year five. Five-year ROI prints 60.97% and total cumulative return in cash totals $76,607. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,860/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1954
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
| 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 |
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
Date | Event | Price |
|---|---|---|
| 2024-10-31 | Listed for sale | $379,000 |
| 2017-07-03 | Sold | $205,000 |
| 2017-05-04 | Pending sale | $214,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $7245.61 | 12.15% | $235,400 | 106.67% |
| 2022-11-12 | $6460.41 | -0.40% | $113,900 | N/A |
| 2021-11-12 | $6486.61 | -0.75% | $113,900 | N/A |
Listed by: Michele Blinn-barreiro • Keller Williams Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932212
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
