24 William StLincoln ParkNJ07035
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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 Lincoln Park at 24 William St, Lincoln Park, NJ, 07035 uses $149,142 cash to close to unlock $9,375/yr annual cash flow and $781/mo monthly cash flow. Total monthly income runs $3,988/mo, and a $2,202/mo payment keeps the spread at $781/mo. Purchase price stands at $449,900, and rental yield measures 10.64% with $3,988/mo rent. Return on cash invested shows 26.19% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 137.8% and total cumulative return in cash records $205,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,988/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07035, Lincoln Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,232 (100%) |
| Owner Occupied HU | 3,210 (75.9%) |
| Renter Occupied HU | 940 (22.2%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $477,922 |
| Average Home Value | $519,461 |
Housing Distribution
Address Breakdown
Residential
4,174
Single Family
4,160
Multi-Family
14
Businesses
283
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Listed by: Gary Nagurka • Re/Max Select
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957977
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