917 Ridge RdNewtonNJ07860
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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 917 Ridge Rd, Newton, NJ, 07860 offers a 11.95% rental yield on a $369,987 purchase with $3,683/mo rent. Total monthly income registers $3,683/mo, and a $1,811/mo payment leaves $991/mo available for distribution. Annual cash flow reaches $11,888/yr on $122,651 to close, and return on cash invested stands at 29.6% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,221 over five years. Portfolio math shows five-year ROI at 156.24% and total cumulative return in cash at $191,629. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,683/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.46 Acres lot
$N/A/sqft
$660 annually 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: Kelsey Kistle • Kistle Realty, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928440
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