188 Warren StreetEnglewoodNJ07631
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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 Englewood at 188 Warren Street, Englewood, NJ, 07631 uses $197,071 cash to close to unlock $3,291/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $4,544/mo, and a $2,932/mo payment keeps the spread at $274/mo. Purchase price stands at $599,000, and rental yield measures 9.1% with $4,544/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 113.83% and total cumulative return in cash records $224,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,544/mo property income covering a $2,932/mo payment rather than investor’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: 07631, Englewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,094 (100%) |
| Owner Occupied HU | 5,837 (48.3%) |
| Renter Occupied HU | 5,566 (46.0%) |
| Vacant Housing Units | 691 ( 5.7%) |
| Median Home Value | $614,057 |
| Average Home Value | $827,058 |
Housing Distribution
Address Breakdown
Residential
11,142
Single Family
8,695
Multi-Family
2,447
Businesses
1,492
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Listed by: Anthony Vella • Berkshire Hathaway HomeServices Fox & Roach - Holmdel
Mls Name: MoreMLS
Mls ID: #22526282