123 Westminster PlGarfieldNJ07026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garfield at 123 Westminster Pl, Garfield, NJ, 07026 earns from $3,043/mo rent with a $2,736/mo payment. Total monthly income totals $3,043/mo. ROI tracks 13.92% on current figures, and rental yield reads 6.53% at a $559,000 purchase. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 over five years. Five-year ROI reaches 71.93% and total cumulative return in cash sums $132,291. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,043/mo property income instead of your personal income.
Multi Family
Built in 1947
5,227 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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Nearby investment properties with comparable prices
Listed by: Evan Megnin • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3993347