22 Eggers CtSummitNJ07901
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.59% gross rental yield, 22 Eggers Ct, Summit, NJ, 07901 in Summit is priced for capital growth, not immediate cash flow. The $1,099,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $303,633 by year five, with $10,122/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.85) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $187,639.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.2% |
| Monthly Cash Flow | $(4,179) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,204 |
| Total Monthly Debt Service | $7,396 |
| DSCR Ratio | 0.57x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2007
5 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2007
5 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Carr • Homezu
Mls Name: GSMLS
Mls ID: #3972718