Monterey Plan, Valley View Park : The Monterey CollectionEast HanoverNJ07936
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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 East Hanover at Monterey Plan, Valley View Park: The Monterey Collection, East Hanover, NJ, 07936 priced at $894,990 converts $6,138/mo rent into after a $4,381/mo obligation. Total monthly income equals $6,138/mo. Return on cash invested prints 19.07% in year one, and rental yield reads 8.23% against a $894,990 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,269 by year five. Five-year ROI reaches 99.58% and total cumulative return in cash sums $293,219. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,138/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
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Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A