37 Knox Ter APT 2BWayneNJ07470
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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
Investment property for sale in Wayne at 37 Knox Ter APT 2B, Wayne, NJ, 07470 listed at $299,000 pairs $2,581/mo rent with a $1,463/mo payment to leave $450/mo cash flow. Total monthly income runs $2,581/mo, and annual cash flow reaches $5,403/yr on $99,119 cash to close. Return on cash invested measures 25.36% in year one, and rental yield registers 10.36% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 133.34% and total cumulative return in cash totals $132,166. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,581/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Cathy Bossolina • Prominent Properties Sotheby's International Realty-Ridgewood
Mls Name: NJMLS
Mls ID: #26000658