35 Hastings AveRutherfordNJ07070
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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 Rutherford at 35 Hastings Ave, Rutherford, NJ, 07070 generates $2,143/mo in rent and, after a $921/mo payment, leaves $802/mo in cash flow. Total monthly income is $2,143/mo, and annual cash flow is $9,620/yr on $62,388 invested. Return on cash invested sits at 35.33% in year one, and rental yield is 13.66% on a $188,200 entry. Equity gained on principal adds $1,214/yr, while 5% annual appreciation builds toward $51,996 over five years. Five-year ROI reaches 186.78% and total cumulative return in cash sums $116,531. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.
Condo
Built in 1940
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07070, Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,355 (100%) |
| Owner Occupied HU | 4,674 (63.5%) |
| Renter Occupied HU | 2,401 (32.6%) |
| Vacant Housing Units | 280 ( 3.8%) |
| Median Home Value | $649,637 |
| Average Home Value | $671,912 |
Housing Distribution
Address Breakdown
Residential
7,130
Single Family
6,071
Multi-Family
1,059
Businesses
693
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