16 Forest AveNutleyNJ07110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nutley at 16 Forest Ave, Nutley, NJ, 07110 priced at $529,500 converts $4,800/mo rent into $1,025/mo cash flow after a $2,592/mo obligation. Total monthly income equals $4,800/mo, and annual cash flow totals $12,305/yr on $174,206 invested. Return on cash invested prints 27.12% in year one, and rental yield reads 10.88% against a $529,500 entry. Equity gained on principal adds $3,417/yr, while 5% annual appreciation compiles into $146,291 by year five. Five-year ROI reaches 142.75% and total cumulative return in cash sums $248,682. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,800/mo property income covering a $2,592/mo payment, not borrower’s personal income.
Single Family
Built in 1926
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,777 (63.8%) |
| Renter Occupied HU | 4,070 (33.4%) |
| Vacant Housing Units | 343 ( 2.8%) |
| Median Home Value | $542,138 |
| Average Home Value | $574,017 |
Housing Distribution
Address Breakdown
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
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Listed by: Angela Sicoli • C-21 Award Agency
Mls Name: GSMLS
Mls ID: #3983784