1068 Overlook Ter, Union, NJ, 07083 | $517/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1068 Overlook Ter, Union, NJ, 07083 | $517/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Union at 1068 Overlook Ter, Union, NJ, 07083 listed at $499,900 pairs $4,080/mo rent with a $2,447/mo payment to leave $517/mo cash flow. Total monthly income runs $4,080/mo, and annual cash flow reaches $6,199/yr on $165,717 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.79% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 124.14% and total cumulative return in cash totals $205,728. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,080/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in N/A

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

1068 Overlook boasts a comfortable living space spread across 4 floors. The layout is thoughtfully designed, with each level offering unique dimensions: 620 sq. ft. on the basement floor, 630 sq. ft. on the first floor, 470 sq. ft. on the second floor, and 350 sq. ft. on the top floor.The interior showcases a blend of traditional charm & functionality. Rich wood trim, beautiful original doors in a modern design & original wood flooring under the carpet is anxiously awaiting its new life. The living area has large windows giving lots of natural light & a welcoming feel (Fireplace is decorative but the design gives the living room a warm feeling). Multiple bedrooms are present, each w/ ample natural light & space for personal touches. (3rd Bedroom lacks a closet as this is a older home with walk up stairs to the attic).A notable feature is the beautiful intricate original wooden staircase. The bathroom is timeless and classical white tiles, & a clawfoot tub. The kitchen has a dining nook & large pantry. (Pantry is perfect for a 1st flr bath). 8 versatile rooms, this home provides numerous options for customization. The insude is ready for you to make it your own. What is really unique about this home is the PROPERTY itself. Triangle shaped with a WIDE rear Yard boosting a 2 CAR GARAGE!!! Home Location Qualifies for the "Community Advantage Program offering a LOWER RATE approx 5.5% APR" Call for details

Neighborhood Data

Neighborhood data shown for ZIP Code: 07083, Union, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,858 (100%)
Owner Occupied HU	14,421 (66.0%)
Renter Occupied HU	6,528 (29.9%)
Vacant Housing Units	909 ( 4.2%)
Median Home Value	$481,353
Average Home Value	$534,432