9 Evergreen DrClintonNJ08809
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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 Clinton at 9 Evergreen Dr, Clinton, NJ, 08809 priced at $269,900 converts $2,524/mo rent into $600/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,524/mo, and annual cash flow totals $7,203/yr on $89,472 invested. Return on cash invested prints 27.96% in year one, and rental yield reads 11.22% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 147.27% and total cumulative return in cash sums $131,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,524/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08809, Clinton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 1,741 (67.0%) |
| Renter Occupied HU | 730 (28.1%) |
| Vacant Housing Units | 127 ( 4.9%) |
| Median Home Value | $447,167 |
| Average Home Value | $460,139 |
Housing Distribution
Address Breakdown
Residential
2,400
Single Family
2,400
Multi-Family
0
Businesses
490
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Listed by: Jill Prakopcyk • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3994560