240 Roger AveWestfieldNJ07090
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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 Westfield at 240 Roger Ave, Westfield, NJ, 07090 earns $186/mo cash flow from $6,095/mo rent with a $4,058/mo payment. Total monthly income totals $6,095/mo, and annual cash flow totals $2,227/yr on $272,741 capital. ROI tracks 20.88% on current figures, and rental yield reads 8.82% at a $829,000 purchase. Equity gained on principal adds $5,349/yr, and 5% annual appreciation supports $229,037 over five years. Five-year ROI reaches 109.24% and total cumulative return in cash sums $297,940. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,095/mo property income instead of your personal income.
Single Family
Built in 1956
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Frank D. Isoldi • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3977117