23 Walter StOld TappanNJ07675
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
Investment Highlights
Investment property for sale in Old Tappan at 23 Walter St, Old Tappan, NJ, 07675 listed at $1,089,000 pairs $3,748/mo rent with a $5,330/mo payment. Total monthly income runs $3,748/mo. Return on cash invested measures 6.72% in year one, and rental yield registers 4.13% at a $1,089,000 basis. Equity gained on principal adds $7,027/yr, and annual property appreciation at 5% supports $300,871 by year five. Five-year ROI tracks 33.26% and total cumulative return in cash totals $117,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,748/mo property income relative to a $5,330/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Christine Thares • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3977713