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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Caldwell at 37 Espy Rd #7B, Caldwell, NJ, 07006 priced at $385,000 converts $2,869/mo rent into $125/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,869/mo, and annual cash flow totals $1,502/yr on $127,628 invested. Return on cash invested prints 21.09% in year one, and rental yield reads 8.94% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 110.4% and total cumulative return in cash sums $140,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,869/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ataullah R Barnes • Realty One Group Prodigy
Mls Name: GSMLS
Mls ID: #4000947
