18 5th StreetWayneNJ07470
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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 Wayne at 18 5th Street, Wayne, NJ, 07470 priced at $141,000 converts $1,129/mo rent into $124/mo cash flow after a $690/mo obligation. Total monthly income equals $1,129/mo, and annual cash flow totals $1,489/yr on $46,742 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 9.61% against a $141,000 entry. Equity gained on principal adds $910/yr, while 5% annual appreciation compiles into $38,956 by year five. Five-year ROI reaches 121.28% and total cumulative return in cash sums $56,688. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,129/mo property income covering a $690/mo payment, not borrower’s personal income.
Manufactured
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Marie Notarangelo • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4003996