1603 Van Ness TerUnionNJ07083
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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
Total monthly income runs $4,243/mo, and a $4,252/mo payment. Purchase price stands at $868,800, and rental yield measures 5.86% with $4,243/mo rent. Return on cash invested shows 11.88% in year one, and 5% annual appreciation builds toward $240,033 over five years. Five-year ROI reaches 60.97% and total cumulative return in cash records $174,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,243/mo property income covering a $4,252/mo payment rather than investor’s personal income.
Single Family
Built in 1953
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07083, Union, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,858 (100%) |
| Owner Occupied HU | 14,421 (66.0%) |
| Renter Occupied HU | 6,528 (29.9%) |
| Vacant Housing Units | 909 ( 4.2%) |
| Median Home Value | $481,353 |
| Average Home Value | $534,432 |
Housing Distribution
Address Breakdown
Residential
20,999
Single Family
18,269
Multi-Family
2,730
Businesses
2,244
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Listed by: Maria Silva • Menza Realty
Mls Name: GSMLS
Mls ID: #3986620