12 Spencer PlGarfieldNJ07026
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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 Garfield at 12 Spencer Pl, Garfield, NJ, 07026 priced at $355,000 pairs $2,670/mo rent with $139/mo cash flow after a $1,738/mo payment. Total monthly income equals $2,670/mo, and annual cash flow comes to $1,670/yr on $117,683 invested. Return on cash invested is 21.33% in year one, and rental yield stands at 9.03% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 111.71% and total cumulative return in cash reaches $131,460. For financing, Ziffy Mortgage’s DSCR program evaluates $2,670/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Ihab David • 3sixty Realty Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3993250
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