321 Salem Rd, Union, NJ, 07083 | 8.26% Rental Yield

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321 Salem Rd, Union, NJ, 07083 | 8.26% 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

Total monthly income runs $4,026/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 8.26% with $4,026/mo rent. Return on cash invested shows 19.17% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 100.07% and total cumulative return in cash records $192,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,026/mo property income covering a $2,863/mo payment rather than investor’s personal income.

Single Family

Built in 1938

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming three bedroom, two full bath home has so many desirable features including completely updated kitchen and baths. First floor includes a sun filled kitchen with white cabinetry, granite countertops, stainless steel appliances, and a breakfast room overlooking the landscaped gardens to create a cozy ambiance. The first floor also features gleaming inlaid hardwood floors, living room with gas insert fireplace & newly lined chimney in 2018, a formal dining room, a mud room, outside deck for entertaining, and a long concrete driveway for off street parking. One-car detached garage. Second floor offers 2 bedrooms, hardwood flooring, closets for storage. The fully finished basement with ceramic tiled flooring features a dry bar, family room, full bathroom, laundry room with washer, dryer, and storage closets. All new double hung Anderson windows with interior grills 2023; New cement driveway 2018; New gutters 2018; New roof 2017; front yard lawn irrigation; basement with french drain, sump pump & back up water pressurized pump. Near to schools, shopping, train & bus lines to NYC, Kean University, Newark International airport. EXPRESS Bus line stop to NYC is just a few homes away. Call today to see this move-in ready, beautiful home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07083, Union, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,858 (100%)
Owner Occupied HU	14,421 (66.0%)
Renter Occupied HU	6,528 (29.9%)
Vacant Housing Units	909 ( 4.2%)
Median Home Value	$481,353
Average Home Value	$534,432