260 Prospect St APT 12WestfieldNJ07090
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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
Total monthly income runs $4,372/mo, and a $3,108/mo payment. Purchase price stands at $635,000, and rental yield measures 8.26% with $4,372/mo rent. Return on cash invested shows 19.17% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 100.1% and total cumulative return in cash records $209,132. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,372/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A 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: Eunkyung Lee • Premier Realty Group
Mls Name: NJMLS
Mls ID: #25031773