173 Runnymede Rd, West Caldwell, NJ, 07006 | 8.41% Rental Yield

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173 Runnymede Rd, West Caldwell, NJ, 07006 | 8.41% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in West Caldwell at 173 Runnymede Rd, West Caldwell, NJ, 07006 priced at $399,999 converts $2,803/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,803/mo. Return on cash invested prints 19.47% in year one, and rental yield reads 8.41% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 101.74% and total cumulative return in cash sums $134,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,803/mo property income covering a $1,958/mo payment, not borrower’s personal income.

Single Family

Built in 1925

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 173 Runnymede Road, a fantastic opportunity for builders and developers located in desirable West Caldwell. This 2-bedroom, 1-bathroom Single Family home offers a single floor living space and a superb, oversized 50 x 150 lot providing excellent space for a significant expansion or complete new construction. This property is a true value-add proposition, allowing an investor to either execute a thoughtful renovation within the existing structure or utilize the expansive lot to create a custom, multi-bedroom luxury home. The property is being sold strictly in AS-IS condition; the seller will make no repairs or credits, and buyers are responsible for all due diligence and municipal approvals for any planned construction.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,270 (100%)
Owner Occupied HU	7,543 (73.4%)
Renter Occupied HU	2,341 (22.8%)
Vacant Housing Units	386 ( 3.8%)
Median Home Value	$716,642
Average Home Value	$793,495