144 N Michigan AveKenilworthNJ07033
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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 Kenilworth at 144 N Michigan Ave, Kenilworth, NJ, 07033 earns $616/mo cash flow from $4,357/mo rent with a $2,569/mo payment. Total monthly income totals $4,357/mo, and annual cash flow totals $7,389/yr on $172,692 capital. ROI tracks 24.34% on current figures, and rental yield reads 9.96% at a $524,900 purchase. Equity gained on principal adds $3,387/yr, and 5% annual appreciation supports $145,020 over five years. Five-year ROI reaches 127.8% and total cumulative return in cash sums $220,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,357/mo property income instead of your personal income.
Single Family
Built in 1955
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07033, Kenilworth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,110 (100%) |
| Owner Occupied HU | 2,270 (73.0%) |
| Renter Occupied HU | 751 (24.1%) |
| Vacant Housing Units | 89 ( 2.9%) |
| Median Home Value | $593,213 |
| Average Home Value | $605,848 |
Housing Distribution
Address Breakdown
Residential
2,933
Single Family
2,930
Multi-Family
3
Businesses
643
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Listed by: MICHELLE RIZZO • RE/MAX WELCOME HOME
Mls Name: All Jersey MLS
Mls ID: #2607001R