31 Gray StWest CaldwellNJ07006
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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
Investment property for sale in West Caldwell at 31 Gray St, West Caldwell, NJ, 07006 at $549,900 posts ROI 21.75% with $255/mo cash flow from $4,174/mo rent. Total monthly income equals $4,174/mo, and annual cash flow records $3,059/yr on $180,917 to close. Return on cash invested measures 21.75% and rental yield reads 9.11% at the current $549,900. Equity gained on principal adds $3,548/yr, and 5% annual appreciation supports $151,927 by year five. Five-year ROI prints 113.92% and total cumulative return in cash totals $206,102.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,174/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
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Listed by: Jeffrey Lattimer Jr. • Lattimer Realty
Mls Name: GSMLS
Mls ID: #4002240