224 Division AveGarfieldNJ07026
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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
Rental property for sale in Garfield at 224 Division Ave, Garfield, NJ, 07026 offers $4,320/mo rent that, after a $2,932/mo payment, leaves $50/mo cash flow. Total monthly income is $4,320/mo, and annual cash flow is $603/yr on $197,071 cash. Return on cash invested measures 20.37% in year one, and rental yield stands at 8.65% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 106.52% and total cumulative return in cash reaches $209,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,320/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Tal Dayan • Terrie O'Connor Realtors-Ridgewood
Mls Name: NJMLS
Mls ID: #25042348