302 W Forest AveEnglewoodNJ07631
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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 Englewood at 302 W Forest Ave, Englewood, NJ, 07631 priced at $440,000 pairs $5,520/mo rent with $2,383/mo cash flow after a $2,154/mo payment. Total monthly income equals $5,520/mo, and annual cash flow comes to $28,600/yr on $145,860 invested. Return on cash invested is 39.52% in year one, and rental yield stands at 15.05% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 209.23% and total cumulative return in cash reaches $305,182. For financing, Ziffy Mortgage’s DSCR program evaluates $5,520/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1928
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07631, Englewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,094 (100%) |
| Owner Occupied HU | 5,837 (48.3%) |
| Renter Occupied HU | 5,566 (46.0%) |
| Vacant Housing Units | 691 ( 5.7%) |
| Median Home Value | $614,057 |
| Average Home Value | $827,058 |
Housing Distribution
Address Breakdown
Residential
11,142
Single Family
8,695
Multi-Family
2,447
Businesses
1,492
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Listed by: Wanda Nuila • The Real Estate Company
Mls Name: GSMLS
Mls ID: #3991789