83 Mountain BlvdWatchungNJ07069
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 Watchung at 83 Mountain Blvd, Watchung, NJ, 07069 generates $5,687/mo in rent, after a $3,915/mo payment. Total monthly income is $5,687/mo. Return on cash invested sits at 20% in year one, and rental yield is 8.53% on a $799,800 entry. Equity gained on principal adds $5,161/yr, while 5% annual appreciation builds toward $220,970 over five years. Five-year ROI reaches 104.51% and total cumulative return in cash sums $274,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,687/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07069, Watchung, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,060 (100%) |
| Owner Occupied HU | 2,188 (71.5%) |
| Renter Occupied HU | 777 (25.4%) |
| Vacant Housing Units | 95 ( 3.1%) |
| Median Home Value | $835,962 |
| Average Home Value | $867,602 |
Housing Distribution
Address Breakdown
Residential
2,432
Single Family
2,330
Multi-Family
102
Businesses
280
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TONY LEE • HOME JOURNEY LLC
Mls Name: All Jersey MLS
Mls ID: #2608229R