65 Wick DrFordsNJ08863
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 Fords at 65 Wick Dr, Fords, NJ, 08863 priced at $349,000 converts $2,933/mo rent into $446/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,933/mo, and annual cash flow totals $5,347/yr on $115,694 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 10.08% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 128.87% and total cumulative return in cash sums $149,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,933/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08863, Fords, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,779 (100%) |
| Owner Occupied HU | 3,208 (67.1%) |
| Renter Occupied HU | 1,399 (29.3%) |
| Vacant Housing Units | 172 ( 3.6%) |
| Median Home Value | $460,987 |
| Average Home Value | $501,607 |
Housing Distribution
Address Breakdown
Residential
4,707
Single Family
3,786
Multi-Family
921
Businesses
286
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Listed by: MICHAEL NASTU • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2602262R