63 Merriam AveNewtonNJ07860
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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 Newton at 63 Merriam Ave, Newton, NJ, 07860 listed at $379,000 pairs $0/mo rent with a $1,855/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.89% in year one, and rental yield registers 0% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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No similar rental properties found nearby.
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Listed by: Rachel Bucci • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3997790