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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hillsborough at 902-C Merritt Dr UNIT C, Hillsborough, NJ, 08844 priced at $485,000 converts $3,360/mo rent into after a $2,374/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 16.27% in year one, and rental yield reads 8.31% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 85.59% and total cumulative return in cash sums $137,606. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
$391 monthly HOA
Neighborhood data shown for ZIP Code: 08844, Hillsborough, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,763 (100%) |
| Owner Occupied HU | 12,465 (74.4%) |
| Renter Occupied HU | 3,569 (21.3%) |
| Vacant Housing Units | 729 ( 4.3%) |
| Median Home Value | $604,614 |
| Average Home Value | $650,014 |
Residential
16,156
Single Family
15,751
Multi-Family
405
Businesses
1,281
Date | Event | Price |
|---|---|---|
| 2024-10-06 | Listed for sale | $485,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Xiaoyi Wu • Queenston Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927948
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
