131 Westover AveWest CaldwellNJ07006
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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 West Caldwell at 131 Westover Ave, West Caldwell, NJ, 07006 priced at $599,999 converts $4,181/mo rent into after a $2,937/mo obligation. Total monthly income equals $4,181/mo. Return on cash invested prints 19.48% in year one, and rental yield reads 8.36% against a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 101.73% and total cumulative return in cash sums $200,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,181/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
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Listed by: Patricia Direzze • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985917