260 Prospect St #15WestfieldNJ07090
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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 260 Prospect St #15, Westfield, NJ, 07090 earns from $4,598/mo rent with a $3,177/mo payment. Total monthly income totals $4,598/mo. ROI tracks 19.9% on current figures, and rental yield reads 8.5% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 104% and total cumulative return in cash sums $222,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,598/mo property income instead of your personal income.
Condo
Built in 1979
1.79 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: Robert Coloney • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3994151