83 Nostrand RdHillsboroughNJ08844
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 Hillsborough at 83 Nostrand Rd, Hillsborough, NJ, 08844 priced at $779,900 converts $4,627/mo rent into after a $3,817/mo obligation. Total monthly income equals $4,627/mo. Return on cash invested prints 15.26% in year one, and rental yield reads 7.12% against a $779,900 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation compiles into $215,472 by year five. Five-year ROI reaches 79.28% and total cumulative return in cash sums $203,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,627/mo property income covering a $3,817/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5,227 sqft lot
$N/A/sqft
$285 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Housing Distribution
Address Breakdown
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Chu • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3978506
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 2025 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.