349 Union AveBellevilleNJ07109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Belleville at 349 Union Ave, Belleville, NJ, 07109 uses $195,755 cash to close to unlock $28,310/yr annual cash flow and $2,359/mo monthly cash flow. Total monthly income runs $6,600/mo, and a $2,912/mo payment keeps the spread at $2,359/mo. Purchase price stands at $595,000, and rental yield measures 13.31% with $6,600/mo rent. Return on cash invested shows 34.52% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 182.43% and total cumulative return in cash records $357,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mario Aristizabal • Coldwell Banker Liberty
Mls Name: GSMLS
Mls ID: #3995810