88 Kennedy RdAndoverNJ07821
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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
Investment property for sale in Andover at 88 Kennedy Rd, Andover, NJ, 07821 listed at $290,000 pairs $4,200/mo rent with a $1,419/mo payment to leave $2,133/mo cash flow. Total monthly income runs $4,200/mo, and annual cash flow reaches $25,600/yr on $96,135 cash to close. Return on cash invested measures 46.54% in year one, and rental yield registers 17.38% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 246.91% and total cumulative return in cash totals $237,364. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,200/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1880
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07821, Andover, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
213
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Listed by: Michael Porter • Realty Executives Exceptional
Mls Name: GSMLS
Mls ID: #3989452