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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Berkeley Heights at 633 Plainfield Ave, Berkeley Heights, NJ, 07922 priced at $749,900 converts $5,915/mo rent into $570/mo cash flow after a $3,670/mo obligation. Total monthly income equals $5,915/mo, and annual cash flow totals $6,843/yr on $246,717 invested. Return on cash invested prints 22.83% in year one, and rental yield reads 9.47% against a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation compiles into $207,184 by year five. Five-year ROI reaches 119.74% and total cumulative return in cash sums $295,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,915/mo property income covering a $3,670/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Martin Abramson • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3987519
