120 Franklin Ave UNIT 0NutleyNJ07110
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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
Total monthly income runs $2,653/mo, and a $4,527/mo payment. Purchase price stands at $925,000, and rental yield measures 3.44% with $2,653/mo rent. Return on cash invested shows 4.52% in year one, and 5% annual appreciation builds toward $255,560 over five years. Five-year ROI reaches 21.56% and total cumulative return in cash records $65,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,653/mo property income covering a $4,527/mo payment rather than investor’s personal income.
Apartment
Built in 1930
8,424 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
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Listed by: Matthew Defede • Realty Executives Elite Homes
Mls Name: GSMLS
Mls Provider:
Mls ID: #3920399
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