16 Little Wolf RdSummitNJ07901
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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 16 Little Wolf Rd, Summit, NJ, 07901 at $1,525,000 posts ROI 6.5% with from $5,160/mo rent. Total monthly income equals $5,160/mo. Return on cash invested measures 6.5% and rental yield reads 4.06% at the current $1,525,000. Equity gained on principal adds $9,841/yr, and 5% annual appreciation supports $421,329 by year five. Five-year ROI prints 32.12% and total cumulative return in cash totals $158,700. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
0.36 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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Nearby investment properties with comparable prices
Listed by: Stephanie Mallios • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #4006280