897 Merritt Dr APT DHillsboroughNJ08844
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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
Rental property for sale in Hillsborough at 897 Merritt Dr APT D, Hillsborough, NJ, 08844 priced at $390,000 pairs $3,259/mo rent with $479/mo cash flow after a $1,909/mo payment. Total monthly income equals $3,259/mo, and annual cash flow comes to $5,748/yr on $129,285 invested. Return on cash invested is 24.35% in year one, and rental yield stands at 10.03% on a $390,000 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 127.9% and total cumulative return in cash reaches $165,356. For financing, Ziffy Mortgage’s DSCR program evaluates $3,259/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1976
701.32 sqft lot
$N/A/sqft
No 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
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Listed by: MICHAEL DENTE • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2660765M