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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% |
Rental property for sale in Andover at 86 Forest Rd, Andover, NJ, 07821 generates $4,200/mo in rent and, after a $2,031/mo payment, leaves $1,242/mo in cash flow. Total monthly income is $4,200/mo, and annual cash flow is $14,909/yr on $137,539 invested. Return on cash invested sits at 30.75% in year one, and rental yield is 12.15% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 162.22% and total cumulative return in cash sums $223,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,944 (100%) |
| Owner Occupied HU | 3,089 (78.3%) |
| Renter Occupied HU | 407 (10.3%) |
| Vacant Housing Units | 448 (11.4%) |
| Median Home Value | $451,606 |
| Average Home Value | $492,629 |
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
213
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Listed for sale | $414,900 |
| 2024-07-03 | Pending sale | $414,900 |
| 2024-06-24 | Price change | $414,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $6433.56 | 5.11% | $166,500 | N/A |
| 2022-10-17 | $6120.54 | 1.32% | $166,500 | N/A |
| 2021-10-17 | $6040.62 | 4.70% | $166,500 | N/A |
Listed by: Nicole Barry • Keller Williams Shore Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3901113
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.
