703 Franklin StBelvidereNJ07823
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 Belvidere at 703 Franklin St, Belvidere, NJ, 07823 offers $2,760/mo rent that, after a $1,894/mo payment. Total monthly income is $2,760/mo. Return on cash invested measures 18.97% in year one, and rental yield stands at 8.56% at a $387,000 entry. Equity gained on principal adds $2,497/yr while 5% annual appreciation compounds into $106,921 by year five. Five-year ROI records 99.39% and total cumulative return in cash reaches $127,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,760/mo property income versus a $1,894/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.26 Acres 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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Nearby investment properties with comparable prices
Listed by: Susan Dileo • Melchor Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943674
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