9 Cottage CourtBerkeley HeightsNJ07922
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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 Berkeley Heights at 9 Cottage Court, Berkeley Heights, NJ, 07922 uses $203,322 cash to close to unlock $7,522/yr annual cash flow and $627/mo monthly cash flow. Total monthly income runs $5,032/mo, and a $3,025/mo payment keeps the spread at $627/mo. Purchase price stands at $618,000, and rental yield measures 9.77% with $5,032/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $170,742 over five years. Five-year ROI reaches 124.69% and total cumulative return in cash records $253,523. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,032/mo property income covering a $3,025/mo payment rather than investor’s personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Anna Krapivina • Re/Max Integrity Advantage
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970777
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