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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% |
Investment property for sale in Summit at 21 Ashland Rd, Summit, NJ, 07901 earns from $7,061/mo rent with a $7,807/mo payment. Total monthly income totals $7,061/mo. ROI tracks 10.37% on current figures, and rental yield reads 5.31% at a $1,595,000 purchase. Equity gained on principal adds $10,292/yr, and 5% annual appreciation supports $440,669 over five years. Five-year ROI reaches 52.83% and total cumulative return in cash sums $273,005. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,061/mo property income instead of your personal income.
Single Family
Built in 1918
7,405 sqft 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 |
|---|---|---|
| 2013-07-01 | Sold | $945,000 |
| 2013-04-04 | Listed for sale | $925,000 |
| 2010-07-08 | Sold | $872,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $19615.07 | 0.67% | $450,300 | N/A |
| 2023-03-18 | $19484.48 | 1.03% | $450,300 | N/A |
| 2022-03-18 | $19286.35 | -0.79% | $450,300 | N/A |
Listed by: Jill Bray • Prominent Properties Sir
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951158
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
