62 Colleen CtKendall ParkNJ08824
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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 Kendall Park at 62 Colleen Ct, Kendall Park, NJ, 08824 uses $137,573 cash to close to unlock $1,130/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $3,052/mo, and a $2,031/mo payment keeps the spread at $94/mo. Purchase price stands at $415,000, and rental yield measures 8.83% with $3,052/mo rent. Return on cash invested shows 20.73% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 108.5% and total cumulative return in cash records $149,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,052/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Townhouse
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08824, Kendall Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,511 (100%) |
| Owner Occupied HU | 3,850 (85.3%) |
| Renter Occupied HU | 573 (12.7%) |
| Vacant Housing Units | 88 ( 2.0%) |
| Median Home Value | $655,592 |
| Average Home Value | $679,247 |
Housing Distribution
Address Breakdown
Residential
4,420
Single Family
4,337
Multi-Family
83
Businesses
272
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Listed by: JEFFREY S. LEE • REALTY ONE GROUP LIFESTYLE HOM
Mls Name: All Jersey MLS
Mls ID: #2608650R