949 Plymouth Lake 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
Rental property for sale in Newton at 949 Plymouth Lake Dr, Newton, NJ, 07860 generates $2,543/mo in rent and, after a $1,530/mo payment, leaves $315/mo in cash flow. Total monthly income is $2,543/mo, and annual cash flow is $3,781/yr on $103,594 invested. Return on cash invested sits at 23.56% in year one, and rental yield is 9.77% on a $312,500 entry. Equity gained on principal adds $2,017/yr, while 5% annual appreciation builds toward $86,338 over five years. Five-year ROI reaches 123.68% and total cumulative return in cash sums $128,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,543/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.25 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: April D. Cocioppo • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3982638