640 Succasunna RdLandingNJ07850
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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
Rental property for sale in Landing at 640 Succasunna Rd, Landing, NJ, 07850 offers $4,469/mo rent that, after a $3,010/mo payment, leaves $86/mo cash flow. Total monthly income is $4,469/mo, and annual cash flow is $1,029/yr on $202,302 cash. Return on cash invested measures 20.57% in year one, and rental yield stands at 8.72% at a $614,900 entry. Equity gained on principal adds $3,968/yr while 5% annual appreciation compounds into $169,886 by year five. Five-year ROI records 107.58% and total cumulative return in cash reaches $217,642. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,469/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07850, Landing, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,531 (100%) |
| Owner Occupied HU | 1,903 (75.2%) |
| Renter Occupied HU | 505 (20.0%) |
| Vacant Housing Units | 123 ( 4.9%) |
| Median Home Value | $431,478 |
| Average Home Value | $563,791 |
Housing Distribution
Address Breakdown
Residential
2,510
Single Family
2,490
Multi-Family
20
Businesses
159
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Listed by: Lisa Moffatt • Re/Max House Values
Mls Name: GSMLS
Mls ID: #3976988