133 Summit Avenue, Unit 40 BLDG 5 #40SummitNJ07901
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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
Investment property for sale in Summit at 133 Summit Avenue, Unit 40 BLDG 5 #40, Summit, NJ, 07901 uses $132,269 cash to close to unlock $5,099/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $3,269/mo, and a $1,953/mo payment keeps the spread at $425/mo. Purchase price stands at $399,000, and rental yield measures 9.83% with $3,269/mo rent. Return on cash invested shows 23.76% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 124.73% and total cumulative return in cash records $164,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,269/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1924
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Dana Kelly • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3986902