1607 Wells AveNorthfieldNJ08225
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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 Northfield at 1607 Wells Ave, Northfield, NJ, 08225 uses $139,197 cash to close to unlock $951/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $3,072/mo, and a $2,055/mo payment keeps the spread at $79/mo. Purchase price stands at $419,900, and rental yield measures 8.78% with $3,072/mo rent. Return on cash invested shows 20.59% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 107.76% and total cumulative return in cash records $150,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,072/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08225, Northfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,739 (76.4%) |
| Renter Occupied HU | 505 (14.1%) |
| Vacant Housing Units | 341 ( 9.5%) |
| Median Home Value | $381,876 |
| Average Home Value | $443,246 |
Housing Distribution
Address Breakdown
Residential
3,416
Single Family
3,416
Multi-Family
0
Businesses
561
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Listed by: VIRGINIA O'NEILL • COLDWELL BANKER ARGUS REAL ESTATE-Ventnor
Mls Name: SJSRMLS
Mls ID: #604163