2 Bashford-B #BUnionNJ07083
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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 Union at 2 Bashford-B #B, Union, NJ, 07083 offers a 12.45% rental yield on a $239,000 purchase with $2,480/mo rent. Total monthly income registers $2,480/mo, and a $1,170/mo payment leaves $776/mo available for distribution. Annual cash flow reaches $9,315/yr on $79,229 to close, and return on cash invested stands at 31.67% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 167.18% and total cumulative return in cash at $132,456. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,480/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1949
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07083, Union, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,858 (100%) |
| Owner Occupied HU | 14,421 (66.0%) |
| Renter Occupied HU | 6,528 (29.9%) |
| Vacant Housing Units | 909 ( 4.2%) |
| Median Home Value | $481,353 |
| Average Home Value | $534,432 |
Housing Distribution
Address Breakdown
Residential
20,999
Single Family
18,269
Multi-Family
2,730
Businesses
2,244
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Listed by: Michael Martinetti • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3996562