1605 Wood Ave Apt 1E #1ERoselleNJ07203
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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 Roselle at 1605 Wood Ave Apt 1E #1E, Roselle, NJ, 07203 uses $81,549 cash to close to unlock $187/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,204/mo payment keeps the spread at $16/mo. Purchase price stands at $246,000, and rental yield measures 8.63% with $1,769/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $67,965 over five years. Five-year ROI reaches 105.32% and total cumulative return in cash records $85,886. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,204/mo payment rather than investor’s personal income.
Condo
Built in 1950
871.20 sqft lot
$N/A/sqft
No HOA
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Listed by: Olatubosun Modile • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959260
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