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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% |
Investment property for sale in Nutley at 120 Franklin Ave #3, Nutley, NJ, 07110 offers a 3.23% rental yield on a $995,000 purchase with $2,675/mo rent. 87% in year one. Equity gained on principal adds $6,421/yr while 5% annual appreciation supports $274,900 over five years. Portfolio math shows five-year ROI at 18.03% and total cumulative return in cash at $59,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,675/mo property income against a $4,870/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1930
8,424 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,777 (63.8%) |
| Renter Occupied HU | 4,070 (33.4%) |
| Vacant Housing Units | 343 ( 2.8%) |
| Median Home Value | $542,138 |
| Average Home Value | $574,017 |
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dennis Decarlo • C-21 Award Agency
Mls Name: GSMLS
Mls ID: #3967609
