70 Goodale RdNewtonNJ07860
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
Investment property for sale in Newton at 70 Goodale Rd, Newton, NJ, 07860 listed at $1,999,995 pairs $4,614/mo rent with a $9,789/mo payment. Total monthly income runs $4,614/mo. Return on cash invested measures 2.51% in year one, and rental yield registers 2.77% at a $1,999,995 basis. Equity gained on principal adds $12,906/yr, and annual property appreciation at 5% supports $552,562 by year five. Five-year ROI tracks 10.73% and total cumulative return in cash totals $69,533. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,614/mo property income relative to a $9,789/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1791
117.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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Listed by: Marjorie Morville • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3991667