17 Schley StGarfieldNJ07026
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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
Rental property for sale in Garfield at 17 Schley St, Garfield, NJ, 07026 generates $3,480/mo in rent and, after a $1,713/mo payment, leaves $986/mo in cash flow. Total monthly income is $3,480/mo, and annual cash flow is $11,827/yr on $115,992 invested. Return on cash invested sits at 30.11% in year one, and rental yield is 11.93% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 158.76% and total cumulative return in cash sums $184,146. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,480/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Agata Kowalczyk • RE/MAX 100
Mls Name: NJMLS
Mls ID: #25038564