913 Kill DrNewtonNJ07860
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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 Newton at 913 Kill Dr, Newton, NJ, 07860 uses $112,710 cash to close to unlock $6,896/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,664/mo payment keeps the spread at $575/mo. Purchase price stands at $340,000, and rental yield measures 10.58% with $2,998/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 136.89% and total cumulative return in cash records $154,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07860, Newton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,522 (100%) |
| Owner Occupied HU | 7,842 (68.1%) |
| Renter Occupied HU | 2,585 (22.4%) |
| Vacant Housing Units | 1,095 ( 9.5%) |
| Median Home Value | $417,121 |
| Average Home Value | $473,838 |
Housing Distribution
Address Breakdown
Residential
10,469
Single Family
9,799
Multi-Family
670
Businesses
829
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Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2602045R