9 Parkview DriveHazletNJ07730
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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 Hazlet at 9 Parkview Drive, Hazlet, NJ, 07730 priced at $610,000 converts $3,992/mo rent into after a $2,986/mo obligation. Total monthly income equals $3,992/mo. Return on cash invested prints 17.93% in year one, and rental yield reads 7.85% against a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation compiles into $168,532 by year five. Five-year ROI reaches 93.44% and total cumulative return in cash sums $187,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,992/mo property income covering a $2,986/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07730, Hazlet, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,718 (100%) |
| Owner Occupied HU | 5,623 (83.7%) |
| Renter Occupied HU | 885 (13.2%) |
| Vacant Housing Units | 210 ( 3.1%) |
| Median Home Value | $496,590 |
| Average Home Value | $526,604 |
Housing Distribution
Address Breakdown
Residential
6,409
Single Family
6,269
Multi-Family
140
Businesses
643
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Listed by: Giuseppe DiMaggio • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22602444