7009 Brookfield Glen DrBelvidereNJ07823
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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 Belvidere at 7009 Brookfield Glen Dr, Belvidere, NJ, 07823 uses $94,444 cash to close to unlock $6,117/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,540/mo, and a $1,394/mo payment keeps the spread at $510/mo. Purchase price stands at $284,900, and rental yield measures 10.7% with $2,540/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash records $131,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
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Listed by: Kathleen Breslin • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3976246