318 Myrtle Ave, Garwood, NJ, 07027 | 7.84% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Garwood at 318 Myrtle Ave, Garwood, NJ, 07027 offers $4,242/mo rent that, after a $3,177/mo payment. Total monthly income is $4,242/mo. Return on cash invested measures 17.9% in year one, and rental yield stands at 7.84% at a $649,000 entry. Equity gained on principal adds $4,188/yr while 5% annual appreciation compounds into $179,307 by year five. Five-year ROI records 93.28% and total cumulative return in cash reaches $199,164. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,242/mo property income versus a $3,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1920

3,920 sqft lot

$N/A/sqft

No HOA