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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Belvidere at 8 Melody Ln, Belvidere, NJ, 07823 listed at $579,900 pairs $1,860/mo rent with a $2,838/mo payment. Total monthly income runs $1,860/mo. Return on cash invested measures 5.76% in year one, and rental yield registers 3.85% at a $579,900 basis. Equity gained on principal adds $3,742/yr, and annual property appreciation at 5% supports $160,216 by year five. Five-year ROI tracks 28.18% and total cumulative return in cash totals $53,761. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $2,838/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
3.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07823, Belvidere, NJ area.
| 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 |
Residential
3,391
Single Family
3,118
Multi-Family
273
Businesses
234
Date | Event | Price |
|---|---|---|
| 2024-09-16 | Listed for sale | $579,900 |
| 2024-08-27 | Pending sale | $579,900 |
| 2024-08-06 | Listed for sale | $579,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $9647.22 | 4.98% | $401,800 | N/A |
| 2022-10-17 | $9189.17 | 4.81% | $401,800 | N/A |
| 2021-10-17 | $8767.28 | 1.68% | $401,800 | N/A |
Listed by: Jan Hompesch • Re/Max Premier
Mls Name: GSMLS
Mls Provider:
Mls ID: #3917105
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
