295 Malcolm AveGarfieldNJ07026
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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 Garfield at 295 Malcolm Ave, Garfield, NJ, 07026 priced at $537,000 pairs $3,980/mo rent with $153/mo cash flow after a $2,628/mo payment. Total monthly income equals $3,980/mo, and annual cash flow comes to $1,832/yr on $176,673 invested. Return on cash invested is 21.1% in year one, and rental yield stands at 8.89% on a $537,000 basis. Equity gained on principal adds $3,465/yr, and 5% annual appreciation accumulates to $148,363 by year five. Five-year ROI measures 110.42% and total cumulative return in cash reaches $195,080. For financing, Ziffy Mortgage’s DSCR program evaluates $3,980/mo property income against a $2,628/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Michael Sciscilo • Keller Williams Park Views
Mls Name: GSMLS
Mls Provider:
Mls ID: #3844388
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