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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 Summit at 2 Glen Avenue, Summit, NJ, 07901 priced at $990,000 pairs $7,736/mo rent with $679/mo cash flow after a $4,846/mo payment. Total monthly income equals $7,736/mo, and annual cash flow comes to $8,148/yr on $325,710 invested. Return on cash invested is 22.56% in year one, and rental yield stands at 9.38% on a $990,000 basis. Equity gained on principal adds $6,388/yr, and 5% annual appreciation accumulates to $273,519 by year five. Five-year ROI measures 118.27% and total cumulative return in cash reaches $385,208. For financing, Ziffy Mortgage’s DSCR program evaluates $7,736/mo property income against a $4,846/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
| 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 |
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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: Antoinette George • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3993007
