1016 Chancellor AveMaplewoodNJ07040
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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 1016 Chancellor Ave, Maplewood, NJ, 07040 priced at $750,000 converts $5,270/mo rent into after a $3,671/mo obligation. Total monthly income equals $5,270/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 8.43% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 102.86% and total cumulative return in cash sums $253,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,270/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Single Family
Built in 1945
10,018 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: Marvin Williams • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3989716