7 Harrison StSussexNJ07461
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 Sussex at 7 Harrison St, Sussex, NJ, 07461 offers $2,990/mo rent that, after a $1,708/mo payment, leaves $503/mo cash flow. Total monthly income is $2,990/mo, and annual cash flow is $6,031/yr on $115,694 cash. Return on cash invested measures 25.12% in year one, and rental yield stands at 10.28% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 132.04% and total cumulative return in cash reaches $152,760. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,990/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07461, Sussex, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,474 (100%) |
| Owner Occupied HU | 6,001 (70.8%) |
| Renter Occupied HU | 1,313 (15.5%) |
| Vacant Housing Units | 1,160 (13.7%) |
| Median Home Value | $386,225 |
| Average Home Value | $436,301 |
Housing Distribution
Address Breakdown
Residential
7,223
Single Family
7,182
Multi-Family
41
Businesses
331
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Brevig • Haven Realty
Mls Name: GSMLS
Mls ID: #4006699