9 Heather DrEast HanoverNJ07936
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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 East Hanover at 9 Heather Dr, East Hanover, NJ, 07936 priced at $1,121,121 pairs $0/mo rent with after a $5,487/mo payment. Total monthly income equals $0/mo. Return on cash invested is -6.03% in year one, and rental yield stands at 0% on a $1,121,121 basis. Equity gained on principal adds $7,234/yr, and 5% annual appreciation accumulates to $309,745 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $5,487/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1982
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Triveni Gurikar • Re/Max Neighborhood Properties
Mls Name: GSMLS
Mls ID: #3986194