29 ASHWOOD AVENUESummitNJ07901
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Nearby investment properties with comparable prices
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 Summit at 29 ASHWOOD AVENUE, Summit, NJ, 07901 offers $4,506/mo rent that, after a $3,551/mo payment. Total monthly income is $4,506/mo. Return on cash invested measures 16.72% in year one, and rental yield stands at 7.45% at a $725,500 entry. Equity gained on principal adds $4,682/yr while 5% annual appreciation compounds into $200,442 by year five. Five-year ROI records 86.93% and total cumulative return in cash reaches $207,486. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,506/mo property income versus a $3,551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Rosa Tarantino • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4004215