8 Luchetti WayNewtonNJ07860
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 8 Luchetti Way, Newton, NJ, 07860 at $462,000 posts ROI 23.62% with $473/mo cash flow from $3,766/mo rent. Total monthly income equals $3,766/mo, and annual cash flow records $5,678/yr on $153,153 to close. Return on cash invested measures 23.62% and rental yield reads 9.78% at the current $462,000. Equity gained on principal adds $2,981/yr, and 5% annual appreciation supports $127,642 by year five. Five-year ROI prints 123.97% and total cumulative return in cash totals $189,869.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,766/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1983
0.73 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: Leanne Hardcastle • Krumpfer Realty Group
Mls Name: GSMLS
Mls ID: #4004663