180 Canoe Brook PkwySummitNJ07901
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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 Summit at 180 Canoe Brook Pkwy, Summit, NJ, 07901 with 5% annual appreciation on a $1,275,000 basis while $4,388/mo rent supports operations. 72% in year one. Equity gained on principal adds $8,227/yr, and five-year appreciation sums $352,259 alongside rental yield of 4.13%. Five-year ROI measures 33.27% and total cumulative return in cash totals $137,450. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,388/mo property income versus a $6,240/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1933
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Suzanne Lear • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3988656