666 Mill StBellevilleNJ07109
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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 Belleville at 666 Mill St, Belleville, NJ, 07109 with 5% annual appreciation on a $379,000 basis while $3,089/mo rent supports operations. Total monthly income totals $3,089/mo and a $1,855/mo payment preserves $388/mo for cash returns. Annual cash flow comes to $4,651/yr on $125,639 deployed, and return on cash invested reaches 23.61% in year one. Equity gained on principal adds $2,446/yr, and five-year appreciation sums $104,711 alongside rental yield of 9.78%. Five-year ROI measures 123.94% and total cumulative return in cash totals $155,711.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,089/mo property income versus a $1,855/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Douglas Hernandez • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4002201