104 Wallington Ave BLDG 1 #1WallingtonNJ07057
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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
Investment property for sale in Wallington at 104 Wallington Ave BLDG 1 #1, Wallington, NJ, 07057 offers a 8.55% rental yield on a $389,000 purchase with $2,772/mo rent. 9% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 104.05% and total cumulative return in cash at $134,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,772/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07057, Wallington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,213 (100%) |
| Owner Occupied HU | 1,931 (37.0%) |
| Renter Occupied HU | 3,020 (57.9%) |
| Vacant Housing Units | 262 ( 5.0%) |
| Median Home Value | $557,007 |
| Average Home Value | $565,225 |
Housing Distribution
Address Breakdown
Residential
4,371
Single Family
4,292
Multi-Family
79
Businesses
324
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Listed by: Samia Dumani • Realty One Group Sunrise
Mls Name: GSMLS
Mls ID: #3997259