61B Norman RdRockawayNJ07866
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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 Rockaway at 61B Norman Rd, Rockaway, NJ, 07866 listed at $350,000 pairs $3,325/mo rent with a $1,713/mo payment to leave $630/mo cash flow. Total monthly income runs $3,325/mo, and annual cash flow reaches $7,564/yr on $116,025 cash to close. Return on cash invested measures 26.43% in year one, and rental yield registers 11.4% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 139.8% and total cumulative return in cash totals $162,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,325/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
5,227 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Andrea Martone • Realty Executives Platinum
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988378
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