324 Dewitt StLindenNJ07036
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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 Linden at 324 Dewitt St, Linden, NJ, 07036 offers $3,791/mo rent that, after a $2,203/mo payment, leaves $583/mo cash flow. Total monthly income is $3,791/mo, and annual cash flow is $6,996/yr on $149,175 cash. Return on cash invested measures 24.6% in year one, and rental yield stands at 10.11% at a $449,999 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,326 by year five. Five-year ROI records 129.21% and total cumulative return in cash reaches $192,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,791/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07036, Linden, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,463 (100%) |
| Owner Occupied HU | 9,015 (51.6%) |
| Renter Occupied HU | 7,594 (43.5%) |
| Vacant Housing Units | 854 ( 4.9%) |
| Median Home Value | $474,923 |
| Average Home Value | $527,233 |
Housing Distribution
Address Breakdown
Residential
16,522
Single Family
13,989
Multi-Family
2,533
Businesses
1,688
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Listed by: Erandi Martinez • Lim Bances Realty
Mls Name: GSMLS
Mls ID: #3994013