89 East DrWatchungNJ07069
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 89 East Dr, Watchung, NJ, 07069 offers $4,288/mo rent that, after a $4,841/mo payment. Total monthly income is $4,288/mo. Return on cash invested measures 9.87% in year one, and rental yield stands at 5.2% at a $989,000 entry. Equity gained on principal adds $6,382/yr while 5% annual appreciation compounds into $273,242 by year five. Five-year ROI records 50.25% and total cumulative return in cash reaches $163,494. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,288/mo property income versus a $4,841/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.90 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
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Nearby investment properties with comparable prices
Listed by: Jorge Ramirez • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924838
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