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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Summit at 12 Glen Ave, Summit, NJ, 07901 offers $3,468/mo rent that, after a $5,017/mo payment. Total monthly income is $3,468/mo. Return on cash invested measures 6.5% in year one, and rental yield stands at 4.06% at a $1,025,000 entry. Equity gained on principal adds $6,614/yr while 5% annual appreciation compounds into $283,189 by year five. Five-year ROI records 32.1% and total cumulative return in cash reaches $106,612. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,468/mo property income versus a $5,017/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $1,025,000 |
| 1997-08-19 | Sold | $278,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | $13111.56 | 0.67% | $301,000 | N/A |
| 2023-04-24 | $13024.27 | 1.03% | $301,000 | N/A |
| 2022-04-24 | $12891.83 | -0.79% | $301,000 | N/A |
Listed by: Suzen Jacob • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3958261
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
