119 HerrickWayneNJ07470
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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 Wayne at 119 Herrick, Wayne, NJ, 07470 with 5% annual appreciation on a $989,000 basis while $3,172/mo rent supports operations. 76% in year one. Equity gained on principal adds $6,382/yr, and five-year appreciation sums $273,242 alongside rental yield of 3.85%. Five-year ROI measures 28.18% and total cumulative return in cash totals $91,686. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,172/mo property income versus a $4,841/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Todd Behnken • Realty Executives Exceptional
Mls Name: GSMLS
Mls ID: #4003773