1261 Highland AveUnionNJ07083
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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 Union at 1261 Highland Ave, Union, NJ, 07083 generates $4,484/mo in rent and, after a $2,932/mo payment, leaves $214/mo in cash flow. Total monthly income is $4,484/mo, and annual cash flow is $2,571/yr on $197,071 invested. Return on cash invested sits at 21.36% in year one, and rental yield is 8.98% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 111.86% and total cumulative return in cash sums $220,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,484/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07083, Union, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,858 (100%) |
| Owner Occupied HU | 14,421 (66.0%) |
| Renter Occupied HU | 6,528 (29.9%) |
| Vacant Housing Units | 909 ( 4.2%) |
| Median Home Value | $481,353 |
| Average Home Value | $534,432 |
Housing Distribution
Address Breakdown
Residential
20,999
Single Family
18,269
Multi-Family
2,730
Businesses
2,244
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Listed by: MUMUKSHA PATEL • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2660353M