622 Berkshire Valley RdWhartonNJ07885
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
Rental property for sale in Wharton at 622 Berkshire Valley Rd, Wharton, NJ, 07885 priced at $599,999 converts $5,236/mo rent into $959/mo cash flow after a $2,937/mo obligation. Total monthly income equals $5,236/mo, and annual cash flow totals $11,508/yr on $197,400 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 10.47% against a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 136.11% and total cumulative return in cash sums $268,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,236/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07885, Wharton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,971 (100%) |
| Owner Occupied HU | 3,052 (61.4%) |
| Renter Occupied HU | 1,587 (31.9%) |
| Vacant Housing Units | 332 ( 6.7%) |
| Median Home Value | $417,827 |
| Average Home Value | $454,671 |
Housing Distribution
Address Breakdown
Residential
5,595
Single Family
4,794
Multi-Family
801
Businesses
309
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Listed by: Anthony Fazzinga • Prestige Property Group Montclair
Mls Name: GSMLS
Mls ID: #3999664