7 Chatham RdHewittNJ07421
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
Total monthly income runs $2,880/mo, and a $2,398/mo payment. Purchase price stands at $489,900, and rental yield measures 7.05% with $2,880/mo rent. Return on cash invested shows 15.39% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 79.81% and total cumulative return in cash records $129,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 2007
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07421, Hewitt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,267 (100%) |
| Owner Occupied HU | 2,440 (74.7%) |
| Renter Occupied HU | 346 (10.6%) |
| Vacant Housing Units | 481 (14.7%) |
| Median Home Value | $466,094 |
| Average Home Value | $531,077 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
3,038
Multi-Family
0
Businesses
202
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Werner • Werner Realty
Mls Name: GSMLS
Mls ID: #3995603