37C3 Sandra Circle BLDG 37C #3WestfieldNJ07090
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
Rental property for sale in Westfield at 37C3 Sandra Circle BLDG 37C #3, Westfield, NJ, 07090 generates $1,962/mo in rent, after a $1,370/mo payment. Total monthly income is $1,962/mo. Return on cash invested sits at 19.48% in year one, and rental yield is 8.41% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 101.77% and total cumulative return in cash sums $94,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,962/mo property income rather than buyer’s personal income.
Condo
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eileen Passananti • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4007190