242 Main AveWallingtonNJ07057
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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 Wallington at 242 Main Ave, Wallington, NJ, 07057 priced at $641,000 pairs $4,266/mo rent with after a $3,137/mo payment. Total monthly income equals $4,266/mo. Return on cash invested is 18.34% in year one, and rental yield stands at 7.99% on a $641,000 basis. Equity gained on principal adds $4,136/yr, and 5% annual appreciation accumulates to $177,096 by year five. Five-year ROI measures 95.63% and total cumulative return in cash reaches $201,680. For financing, Ziffy Mortgage’s DSCR program evaluates $4,266/mo property income against a $3,137/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07057, Wallington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,213 (100%) |
| Owner Occupied HU | 1,931 (37.0%) |
| Renter Occupied HU | 3,020 (57.9%) |
| Vacant Housing Units | 262 ( 5.0%) |
| Median Home Value | $557,007 |
| Average Home Value | $565,225 |
Housing Distribution
Address Breakdown
Residential
4,371
Single Family
4,292
Multi-Family
79
Businesses
324
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Listed by: Michael N Todaro • Serhant New Jersey Llc
Mls Name: GSMLS
Mls ID: #4001116