1013 Chancellor Ave #N/AMaplewoodNJ07040
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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 Maplewood at 1013 Chancellor Ave #N/A, Maplewood, NJ, 07040 generates $4,330/mo in rent and, after a $2,692/mo payment, leaves $410/mo in cash flow. Total monthly income is $4,330/mo, and annual cash flow is $4,916/yr on $180,950 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 9.45% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash sums $216,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,330/mo property income rather than buyer’s personal income.
Apartment
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07040, Maplewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,229 (100%) |
| Owner Occupied HU | 6,759 (73.2%) |
| Renter Occupied HU | 2,142 (23.2%) |
| Vacant Housing Units | 328 ( 3.6%) |
| Median Home Value | $744,270 |
| Average Home Value | $787,208 |
Housing Distribution
Address Breakdown
Residential
9,038
Single Family
7,357
Multi-Family
1,681
Businesses
879
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Listed by: Chien Cheng • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3990956