9 Dewey AveGladstoneNJ07934
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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 Gladstone at 9 Dewey Ave, Gladstone, NJ, 07934 offers $3,163/mo rent that, after a $4,185/mo payment. Total monthly income is $3,163/mo. Return on cash invested measures 7.55% in year one, and rental yield stands at 4.44% at a $855,000 entry. Equity gained on principal adds $5,517/yr while 5% annual appreciation compounds into $236,221 by year five. Five-year ROI records 37.8% and total cumulative return in cash reaches $106,339. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,163/mo property income versus a $4,185/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07934, Gladstone, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 619 (100%) |
| Owner Occupied HU | 490 (79.2%) |
| Renter Occupied HU | 105 (17.0%) |
| Vacant Housing Units | 24 ( 3.9%) |
| Median Home Value | $910,995 |
| Average Home Value | $1,014,622 |
Housing Distribution
Address Breakdown
Residential
470
Single Family
466
Multi-Family
4
Businesses
96
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Listed by: N/A • N/A
Mls Name: Turpin Realtors
Mls Provider:
Mls ID: #3968857