1083 Overlook Ter, Union, NJ, 07083 | $170/mo Cash Flow

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1083 Overlook Ter, Union, NJ, 07083 | $170/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 1083 Overlook Ter, Union, NJ, 07083 listed at $599,000 pairs $4,440/mo rent with a $2,932/mo payment to leave $170/mo cash flow. Total monthly income runs $4,440/mo, and annual cash flow reaches $2,043/yr on $197,071 cash to close. Return on cash invested measures 21.1% in year one, and rental yield registers 8.89% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 110.43% and total cumulative return in cash totals $217,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,440/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1933

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful Side Hall Colonial that effortlessly combines timeless charm with modern comfort. Step into the inviting vestibule entry and be welcomed by a spacious living room that flows seamlessly into a formal dining room perfect for everyday living and entertaining alike. An enclosed porch adds a versatile bonus space, ideal for a home office, playroom, or cozy reading nook. The thoughtfully updated kitchen boasts sleek stainless steel appliances, abundant cabinetry, and plenty of room to bring your culinary vision to life. Upstairs, you'll find four generously sized bedrooms, each outfitted with its own split-unit air conditioner for year-round personalized comfort, along with a full hall bathroom. The fully finished basement adds valuable living space with a dedicated laundry area, a stylish wet bar for entertaining, ample storage, and a newly renovated full bathroom. Additional recent upgrades include a brand-new furnace and water heater, offering both comfort and peace of mind. Situated in a prime location with easy access to Route 22, Route 24, Route 78, and the Garden State Parkway, this home is also conveniently located near public transportation including a bus line into NYC and a nearby train station. Don't miss the opportunity to own this charming and move-in-ready home!

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