917 Main St UNIT 0NewtonNJ07860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newton at 917 Main St UNIT 0, Newton, NJ, 07860 generates $2,988/mo in rent, after a $2,357/mo payment. Total monthly income is $2,988/mo. Return on cash invested sits at 16.57% in year one, and rental yield is 7.45% on a $481,500 entry. Equity gained on principal adds $3,107/yr, while 5% annual appreciation builds toward $133,030 over five years. Five-year ROI reaches 86.17% and total cumulative return in cash sums $137,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,988/mo property income rather than buyer’s personal income.
Apartment
Built in 1935
0.55 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: Lilya Moroses • Bhgre Green Team
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961737
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