704 6th RdNewtonvilleNJ08346
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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 Newtonville at 704 6th Rd, Newtonville, NJ, 08346 uses $115,694 cash to close to unlock $6,391/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $3,020/mo, and a $1,708/mo payment keeps the spread at $533/mo. Purchase price stands at $349,000, and rental yield measures 10.38% with $3,020/mo rent. Return on cash invested shows 25.43% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 133.71% and total cumulative return in cash records $154,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,020/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08346, Newtonville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 223 (100%) |
| Owner Occupied HU | 168 (75.3%) |
| Renter Occupied HU | 35 (15.7%) |
| Vacant Housing Units | 20 ( 9.0%) |
| Median Home Value | $242,188 |
| Average Home Value | $263,214 |
Housing Distribution
Address Breakdown
Residential
199
Single Family
199
Multi-Family
0
Businesses
23
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Listed by: Phyllis Harvey • The Roarke Agency
Mls Name: Bright MLS
Mls ID: #NJAC2021798