135 Washington 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 135 Washington Ave, West Caldwell, NJ, 07006 priced at $599,000 converts $6,206/mo rent into $1,936/mo cash flow after a $2,932/mo obligation. Total monthly income equals $6,206/mo, and annual cash flow totals $23,235/yr on $197,071 invested. Return on cash invested prints 31.85% in year one, and rental yield reads 12.43% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 168.1% and total cumulative return in cash sums $331,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,206/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.25 Acres 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: Francis Busby • Lattimer Realty
Mls Name: GSMLS
Mls ID: #3984980