2 Greenfield AveSummitNJ07901
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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 2 Greenfield Ave, Summit, NJ, 07901 earns from $5,717/mo rent with a $5,722/mo payment. Total monthly income totals $5,717/mo. ROI tracks 12.08% on current figures, and rental yield reads 5.87% at a $1,168,995 purchase. Equity gained on principal adds $7,543/yr, and 5% annual appreciation supports $322,972 over five years. Five-year ROI reaches 62.04% and total cumulative return in cash sums $234,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,717/mo property income instead of your personal income.
Single Family
Built in 1958
7,840 sqft 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: Maria Carmen F Gulo • Re/Max Villa Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3921440
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