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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Westfield at 1023 Ripley Ave, Westfield, NJ, 07090 offers a 8.06% rental yield on a $749,000 purchase with $5,029/mo rent. 55% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 96.78% and total cumulative return in cash at $238,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,029/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
Date | Event | Price |
|---|---|---|
| 2025-09-16 | Sold | $749,000 |
| 2025-08-10 | Pending sale | $749,900 |
| 2025-07-16 | Listed for sale | $749,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-18 | $11239.73 | 2.09% | $499,100 | N/A |
| 2023-10-18 | $11010.15 | 2.13% | $499,100 | N/A |
| 2022-10-18 | $10780.56 | -0.14% | $499,100 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
