Garfield II Plan, Morris WoodsWhartonNJ07885
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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 Wharton at Garfield II Plan, Morris Woods, Wharton, NJ, 07885 priced at $560,927 pairs $4,696/mo rent with $698/mo cash flow after a $2,745/mo payment. Total monthly income equals $4,696/mo, and annual cash flow comes to $8,379/yr on $184,545 invested. Return on cash invested is 24.6% in year one, and rental yield stands at 10.05% on a $560,927 basis. Equity gained on principal adds $3,620/yr, and 5% annual appreciation accumulates to $154,974 by year five. Five-year ROI measures 129.22% and total cumulative return in cash reaches $238,472. For financing, Ziffy Mortgage’s DSCR program evaluates $4,696/mo property income against a $2,745/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07885, Wharton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,971 (100%) |
| Owner Occupied HU | 3,052 (61.4%) |
| Renter Occupied HU | 1,587 (31.9%) |
| Vacant Housing Units | 332 ( 6.7%) |
| Median Home Value | $417,827 |
| Average Home Value | $454,671 |
Housing Distribution
Address Breakdown
Residential
5,595
Single Family
4,794
Multi-Family
801
Businesses
309
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Listed by: N/A • K Hovnanian Homes
Mls Name: K. Hovnanian Companies, LLC
Mls Provider:
Mls ID: #N/A