221 North AveCranfordNJ07016
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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 Cranford at 221 North Ave, Cranford, NJ, 07016 offers a 4.9% rental yield on a $1,199,999 purchase with $4,897/mo rent. 09% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 45.96% and total cumulative return in cash at $178,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,897/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07016, Cranford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,435 (100%) |
| Owner Occupied HU | 6,913 (73.3%) |
| Renter Occupied HU | 2,147 (22.8%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $669,813 |
| Average Home Value | $714,383 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
7,997
Multi-Family
1,071
Businesses
960
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Listed by: Jodi Luminiello • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4002594