9 Basswood DrSussexNJ07461
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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 Sussex at 9 Basswood Dr, Sussex, NJ, 07461 priced at $448,000 pairs $3,460/mo rent with $266/mo cash flow after a $2,193/mo payment. Total monthly income equals $3,460/mo, and annual cash flow comes to $3,198/yr on $148,512 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 9.27% on a $448,000 basis. Equity gained on principal adds $2,891/yr, and 5% annual appreciation accumulates to $123,774 by year five. Five-year ROI measures 115.62% and total cumulative return in cash reaches $171,710. For financing, Ziffy Mortgage’s DSCR program evaluates $3,460/mo property income against a $2,193/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07461, Sussex, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,474 (100%) |
| Owner Occupied HU | 6,001 (70.8%) |
| Renter Occupied HU | 1,313 (15.5%) |
| Vacant Housing Units | 1,160 (13.7%) |
| Median Home Value | $386,225 |
| Average Home Value | $436,301 |
Housing Distribution
Address Breakdown
Residential
7,223
Single Family
7,182
Multi-Family
41
Businesses
331
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Listed by: Joseph Mackey Iii • Bhgre Green Team
Mls Name: GSMLS
Mls ID: #3995578