27 Parkway VlgCranfordNJ07016
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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 Cranford at 27 Parkway Vlg, Cranford, NJ, 07016 offers $2,948/mo rent that, after a $1,610/mo payment, leaves $603/mo cash flow. Total monthly income is $2,948/mo, and annual cash flow is $7,239/yr on $109,064 cash. Return on cash invested measures 26.55% in year one, and rental yield stands at 10.75% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 139.7% and total cumulative return in cash reaches $152,361. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,948/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1948
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07016, Cranford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,435 (100%) |
| Owner Occupied HU | 6,913 (73.3%) |
| Renter Occupied HU | 2,147 (22.8%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $669,813 |
| Average Home Value | $714,383 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
7,997
Multi-Family
1,071
Businesses
960
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Listed by: Sharon Steele • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978425