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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% |
Investment property for sale in Summit at 390 Morris Ave UNIT 2, Summit, NJ, 07901 at $400,000 posts ROI -10.38% with from $0/mo rent. Total monthly income equals $0/mo. Return on cash invested measures -10.38% and rental yield reads 0% at the current $400,000. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 by year five. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $0/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1952
5.25 Acres lot
$N/A/sqft
$496 monthly HOA
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
Date | Event | Price |
|---|---|---|
| 2025-01-23 | Listed for sale | $400,000 |
| 2024-11-12 | Sold | $250,000 |
| 2019-03-26 | Listing removed | $1,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $4639.14 | 0.67% | $106,500 | N/A |
| 2023-01-28 | $4608.26 | 1.03% | $106,500 | N/A |
| 2022-01-28 | $4561.40 | -0.79% | $106,500 | N/A |
No similar rental properties found nearby.
Listed by: Wenner Nunes • Keller Williams Park Views
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942684
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
