62 Appletree RoadHowellNJ07731
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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 Howell at 62 Appletree Road, Howell, NJ, 07731 offers a 8.7% rental yield on a $609,000 purchase with $4,416/mo rent. Total monthly income registers $4,416/mo, and a $2,981/mo payment leaves $75/mo available for distribution. Annual cash flow reaches $899/yr on $200,361 to close, and return on cash invested stands at 20.51% in year one. Equity gained on principal adds $3,930/yr while 5% annual appreciation supports $168,255 over five years. Portfolio math shows five-year ROI at 107.26% and total cumulative return in cash at $214,913. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,416/mo property income against a $2,981/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07731, Howell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,813 (100%) |
| Owner Occupied HU | 11,773 (85.2%) |
| Renter Occupied HU | 1,630 (11.8%) |
| Vacant Housing Units | 410 ( 3.0%) |
| Median Home Value | $526,294 |
| Average Home Value | $579,372 |
Housing Distribution
Address Breakdown
Residential
13,672
Single Family
13,462
Multi-Family
210
Businesses
875
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Listed by: Carolyn Proto • DeFelice Realty Group, LLC
Mls Name: MoreMLS
Mls ID: #22527696