1 Euclid Ave UNIT 4ESummitNJ07901
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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 Summit at 1 Euclid Ave UNIT 4E, Summit, NJ, 07901 priced at $675,000 pairs $3,086/mo rent with after a $3,304/mo payment. Total monthly income equals $3,086/mo. Return on cash invested is 7.59% in year one, and rental yield stands at 5.49% on a $675,000 basis. Equity gained on principal adds $4,356/yr, and 5% annual appreciation accumulates to $186,490 by year five. Five-year ROI measures 39.12% and total cumulative return in cash reaches $86,871. For financing, Ziffy Mortgage’s DSCR program evaluates $3,086/mo property income against a $3,304/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1975
1.63 Acres lot
$N/A/sqft
$583 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Margaret Miggins • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943885
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