8 Sheep Rock RdKinnelonNJ07405
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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
Rental property for sale in Kinnelon at 8 Sheep Rock Rd, Kinnelon, NJ, 07405 priced at $959,900 pairs $5,524/mo rent with after a $4,698/mo payment. Total monthly income equals $5,524/mo. Return on cash invested is 15.05% in year one, and rental yield stands at 6.91% on a $959,900 basis. Equity gained on principal adds $6,194/yr, and 5% annual appreciation accumulates to $265,203 by year five. Five-year ROI measures 78.01% and total cumulative return in cash reaches $246,374. For financing, Ziffy Mortgage’s DSCR program evaluates $5,524/mo property income against a $4,698/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07405, Butler, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,017 (100%) |
| Owner Occupied HU | 5,399 (76.9%) |
| Renter Occupied HU | 1,364 (19.4%) |
| Vacant Housing Units | 254 ( 3.6%) |
| Median Home Value | $611,884 |
| Average Home Value | $677,545 |
Housing Distribution
Address Breakdown
Residential
6,892
Single Family
6,786
Multi-Family
106
Businesses
617
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Listed by: N/A • N/A
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