321 E Grove St #14, Westfield, NJ, 07090 | 5.12% Rental Yield

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321 E Grove St #14, Westfield, NJ, 07090 | 5.12% Rental Yield | Ziffy

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

Investment property for sale in Westfield at 321 E Grove St #14, Westfield, NJ, 07090 offers a 5.12% rental yield on a $985,000 purchase with $4,200/mo rent. 61% in year one. Equity gained on principal adds $6,356/yr while 5% annual appreciation supports $272,137 over five years. Portfolio math shows five-year ROI at 48.86% and total cumulative return in cash at $158,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $4,821/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2019

N/A lot

$N/A/sqft

No HOA

More details about the property

WELCOME HOME to this EASY transition! Whether downsizing or making the hop from urban to suburban, this townhome makes it EASY! Exterior maintenance provided by the condo association makes this home an stress-free alternative! This BRIGHT, LIGHT, & AIRY end unit townhome, built in 2019, was designed with elegant finishes, modern conveniences, and complete functionality. Open concept first floor living, coupled with 3 spacious bedrooms, 3.5 bathrooms, including an amazing primary suite and 2nd floor laundry room yield a functional, easy lifestyle. The basement is fully finished with high ceilings for additional living space. The back patio has been expanded for extra enjoyment. Other upgrades include home security system and newly installed recessed lighting throughout the home. The attached garage offers further convenience and functionality. This condo is superbly situated near downtown Westfield and offers modern conveniences along with substantial space.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,991 (100%)
Owner Occupied HU	8,618 (78.4%)
Renter Occupied HU	1,912 (17.4%)
Vacant Housing Units	461 ( 4.2%)
Median Home Value	$930,018
Average Home Value	$1,034,058