906 Spruce Hills Dr UNIT 906Glen GardnerNJ08826
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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
Investment property for sale in Glen Gardner at 906 Spruce Hills Dr UNIT 906, Glen Gardner, NJ, 08826 uses $74,554 cash to close to unlock $8,061/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,570/mo, and a $1,101/mo payment keeps the spread at $672/mo. Purchase price stands at $224,900, and rental yield measures 13.71% with $2,570/mo rent. Return on cash invested shows 30.72% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 163.78% and total cumulative return in cash records $122,101. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,570/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$295 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Bruce H. Morrow • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3938387
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