34 Berry Dr, Wayne, NJ, 07470 | 5.37% Rental Yield

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34 Berry Dr, Wayne, NJ, 07470 | 5.37% 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 Wayne at 34 Berry Dr, Wayne, NJ, 07470 listed at $709,000 pairs $3,172/mo rent with a $3,470/mo payment. Total monthly income runs $3,172/mo. Return on cash invested measures 10.38% in year one, and rental yield registers 5.37% at a $709,000 basis. Equity gained on principal adds $4,575/yr, and annual property appreciation at 5% supports $195,884 by year five. Five-year ROI tracks 52.96% and total cumulative return in cash totals $123,537. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,172/mo property income relative to a $3,470/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to an exciting opportunity in the desirable Valley section of Wayne! Nestled on over one-third of an acre, this three-bedroom, one-and-a-half-bath split-level home offers curb appeal, a tranquil neighborhood setting, and endless potential. The entry level features a welcoming foyer that leads to a spacious family room, a bonus office/bedroom, a powder room, laundry room, and convenient access to the two-car garage. Just a few steps up, the main living level includes a bright living room, formal dining room, and a kitchen. On the upper level are three generously sized bedrooms and a full bath. An expansive deck off the kitchen overlooks the spacious backyard, providing an excellent setting for outdoor dining and entertaining. The unfinished basement offers abundant storage and the opportunity to add additional living space to an already generous floor plan. Lovingly maintained, this home presents the perfect chance to customize your own space. Conveniently located near top-rated schools, shopping, dining, and transportation, this vintage gem is ready for its new chapter.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,128 (100%)
Owner Occupied HU	14,851 (77.6%)
Renter Occupied HU	3,702 (19.4%)
Vacant Housing Units	575 ( 3.0%)
Median Home Value	$626,892
Average Home Value	$645,853