730 Mill St #F15BellevilleNJ07109
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 Belleville at 730 Mill St #F15, Belleville, NJ, 07109 generates $2,774/mo in rent and, after a $1,591/mo payment, leaves $457/mo in cash flow. Total monthly income is $2,774/mo, and annual cash flow is $5,486/yr on $107,737 invested. Return on cash invested sits at 25% in year one, and rental yield is 10.24% on a $324,999 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,791 over five years. Five-year ROI reaches 131.42% and total cumulative return in cash sums $141,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,774/mo property income rather than buyer’s personal income.
Condo
Built in N/A
6.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Torres • Re/Max Select
Mls Name: GSMLS
Mls ID: #3999737