32 Parsons Road Lincoln ParkLincoln ParkNJ07035
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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 Lincoln Park at 32 Parsons Road Lincoln Park, Lincoln Park, NJ, 07035 priced at $629,900 pairs $7,200/mo rent with $2,710/mo cash flow after a $3,083/mo payment. Total monthly income equals $7,200/mo, and annual cash flow comes to $32,523/yr on $207,237 invested. Return on cash invested is 35.75% in year one, and rental yield stands at 13.72% on a $629,900 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,030 by year five. Five-year ROI measures 189.03% and total cumulative return in cash reaches $391,743. For financing, Ziffy Mortgage’s DSCR program evaluates $7,200/mo property income against a $3,083/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07035, Lincoln Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,232 (100%) |
| Owner Occupied HU | 3,210 (75.9%) |
| Renter Occupied HU | 940 (22.2%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $477,922 |
| Average Home Value | $519,461 |
Housing Distribution
Address Breakdown
Residential
4,174
Single Family
4,160
Multi-Family
14
Businesses
283
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Listed by: Catherine Lawton • Century 21 Crest Real Estate
Mls Name: NJMLS
Mls ID: #25033479