36 Nakomis PathLincoln ParkNJ07035
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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 Lincoln Park at 36 Nakomis Path, Lincoln Park, NJ, 07035 priced at $479,000 converts $3,050/mo rent into after a $2,344/mo obligation. Total monthly income equals $3,050/mo. Return on cash invested prints 17.16% in year one, and rental yield reads 7.64% against a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation compiles into $132,339 by year five. Five-year ROI reaches 89.35% and total cumulative return in cash sums $141,879. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,050/mo property income covering a $2,344/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07035, Lincoln Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,232 (100%) |
| Owner Occupied HU | 3,210 (75.9%) |
| Renter Occupied HU | 940 (22.2%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $477,922 |
| Average Home Value | $519,461 |
Housing Distribution
Address Breakdown
Residential
4,174
Single Family
4,160
Multi-Family
14
Businesses
283
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Listed by: Claudia Patterson • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3984614