691 Long Hill RdGilletteNJ07933
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 Gillette at 691 Long Hill Rd, Gillette, NJ, 07933 priced at $135,000 converts $4,453/mo rent into $3,491/mo cash flow after a $661/mo obligation. Total monthly income equals $4,453/mo, and annual cash flow totals $41,886/yr on $44,753 invested. Return on cash invested prints 113.5% in year one, and rental yield reads 39.58% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 606.03% and total cumulative return in cash sums $271,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,453/mo property income covering a $661/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07933, Gillette, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,186 (100%) |
| Owner Occupied HU | 1,048 (88.4%) |
| Renter Occupied HU | 107 ( 9.0%) |
| Vacant Housing Units | 31 ( 2.6%) |
| Median Home Value | $714,075 |
| Average Home Value | $771,469 |
Housing Distribution
Address Breakdown
Residential
1,206
Single Family
1,206
Multi-Family
0
Businesses
117
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Listed by: Giovanni Maggipinto • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3783914
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