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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 Belvidere at 68 Front St, Belvidere, NJ, 07823 priced at $249,999 converts $1,860/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 18.14% in year one, and rental yield reads 8.93% against a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 95.62% and total cumulative return in cash sums $79,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
2,178 sqft lot
$N/A/sqft
$200 monthly HOA
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,607 (100%) |
| Owner Occupied HU | 2,529 (70.1%) |
| Renter Occupied HU | 804 (22.3%) |
| Vacant Housing Units | 274 ( 7.6%) |
| Median Home Value | $345,364 |
| Average Home Value | $410,389 |
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
Date | Event | Price |
|---|---|---|
| 2024-11-03 | Listed for sale | $249,999 |
| 1993-12-02 | Sold | $87,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $4379.99 | -7.19% | $142,300 | 71.03% |
| 2022-11-12 | $4719.10 | -0.40% | $83,200 | N/A |
| 2021-11-12 | $4738.24 | -2.16% | $83,200 | N/A |
Listed by: Kallie Pyatt • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932608
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
