104 Belmont AveGarfieldNJ07026
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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
Total monthly income runs $4,320/mo, and a $3,377/mo payment. Purchase price stands at $689,999, and rental yield measures 7.51% with $4,320/mo rent. Return on cash invested shows 16.9% in year one, and 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 87.9% and total cumulative return in cash records $199,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,320/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Multi Family
Built in 1970
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Joseph Siano • Jk Realty
Mls Name: GSMLS
Mls ID: #4008101