221 BroadwayWestvilleNJ08093
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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 Westville at 221 Broadway, Westville, NJ, 08093 uses $94,476 cash to close to unlock $3,846/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $2,352/mo, and a $1,395/mo payment keeps the spread at $321/mo. Purchase price stands at $284,995, and rental yield measures 9.9% with $2,352/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $78,739 over five years. Five-year ROI reaches 125.93% and total cumulative return in cash records $118,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,352/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Multi Family
Built in 1918
1,782 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08093, Westville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,462 (100%) |
| Owner Occupied HU | 2,542 (57.0%) |
| Renter Occupied HU | 1,611 (36.1%) |
| Vacant Housing Units | 309 ( 6.9%) |
| Median Home Value | $246,851 |
| Average Home Value | $322,610 |
Housing Distribution
Address Breakdown
Residential
4,242
Single Family
3,998
Multi-Family
244
Businesses
330
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Listed by: Mr. Hakan Karahan • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJGL2066238