1124 Drake AveRoselleNJ07203
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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
Rental property for sale in Roselle at 1124 Drake Ave, Roselle, NJ, 07203 generates $3,509/mo in rent, after a $3,793/mo payment. Total monthly income is $3,509/mo. Return on cash invested sits at 10.58% in year one, and rental yield is 5.43% on a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 54.02% and total cumulative return in cash sums $137,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,509/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
3,484 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Clarissa Vargas • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965474
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