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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Westfield at 18 Summit Ct, Westfield, NJ, 07090 offers $9,720/mo rent that, after a $4,757/mo payment, leaves $2,792/mo cash flow. Total monthly income is $9,720/mo, and annual cash flow is $33,506/yr on $319,788 cash. Return on cash invested measures 30.54% in year one, and rental yield stands at 12% at a $972,000 entry. Equity gained on principal adds $6,272/yr while 5% annual appreciation compounds into $268,546 by year five. Five-year ROI records 161.05% and total cumulative return in cash reaches $515,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,720/mo property income versus a $4,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: George Hansen • Era Suburb Realty
Mls Name: GSMLS
Mls ID: #3997537
