211 Main St #6, Gladstone, NJ, 07934 | 7.24% Rental Yield

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211 Main St #6, Gladstone, NJ, 07934 | 7.24% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Gladstone at 211 Main St #6, Gladstone, NJ, 07934 offers a 7.24% rental yield on a $479,000 purchase with $2,888/mo rent. 94% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 82.78% and total cumulative return in cash at $131,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,888/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

First floor living in this renovated Gladstone House Condo. This fabulous layout has 11-foot ceilings, all white newer kitchen with granite, stainless appliance and a pantry unit. The sumptuous Primary bath features a large walk-in shower, and frameless shower glass door. There is also a formal powder room in the foyer area. The interior woodwork features an architectural column connected to built-in shelves; the study / office area has a wall of custom cabinets and shelving. The primary bedroom features a wall of closets offering lots of storage. Brand new HVAC system and a stackable washer dryer to add to the modern comforts of the home. The buildings unique drive through turn around lets you pull right up to your door to load or unload your car before using the off-street parking. The basement has a large private storage area. The building's history as a former Desoto car dealership adds a unique character to the property, now transformed into 14 condos. Just one block from the NYC Trainline, fine dining options, and a newly renovated park and trail system with a pond, the condos offer a prime location for both leisure and commuting. For golf lovers fabulous private and public golf clubs are nearby, also town tennis courts, parks, trail systems and stocked trout stream. Easy access to major arteries, shopping, the mall and Newark airport. Overall, Gladstone House Condos seem to provide a comfortable and convenient lifestyle with a touch of elegance and historical charm.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07934, Gladstone, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	619 (100%)
Owner Occupied HU	490 (79.2%)
Renter Occupied HU	105 (17.0%)
Vacant Housing Units	24 ( 3.9%)
Median Home Value	$910,995
Average Home Value	$1,014,622