30 C Parkway Village BLDG 30 #CCranfordNJ07016
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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 Cranford at 30 C Parkway Village BLDG 30 #C, Cranford, NJ, 07016 uses $119,009 cash to close to unlock $4,359/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $2,922/mo, and a $1,757/mo payment keeps the spread at $363/mo. Purchase price stands at $359,000, and rental yield measures 9.77% with $2,922/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 123.74% and total cumulative return in cash records $147,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,922/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Townhouse
Built in 1948
2,613 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: Shannon Della Fortuna • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3999444