2311 Wabash AveNorthfieldNJ08225
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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 Northfield at 2311 Wabash Ave, Northfield, NJ, 08225 offers a 8.56% rental yield on a $378,400 purchase with $2,699/mo rent. Total monthly income registers $2,699/mo, and a $1,852/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $23/yr on $125,440 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $2,442/yr while 5% annual appreciation supports $104,545 over five years. Portfolio math shows five-year ROI at 104.15% and total cumulative return in cash at $130,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,699/mo property income against a $1,852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08225, Northfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,739 (76.4%) |
| Renter Occupied HU | 505 (14.1%) |
| Vacant Housing Units | 341 ( 9.5%) |
| Median Home Value | $381,876 |
| Average Home Value | $443,246 |
Housing Distribution
Address Breakdown
Residential
3,416
Single Family
3,416
Multi-Family
0
Businesses
561
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Nearby investment properties with comparable prices
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