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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 Wayne at 4 2nd St, Wayne, NJ, 07470 priced at $135,500 converts $3,504/mo rent into $1,638/mo cash flow after a $663/mo obligation. Total monthly income equals $3,504/mo, and annual cash flow totals $19,661/yr on $44,918 invested. Return on cash invested prints 63.68% in year one, and rental yield reads 31.03% against a $135,500 entry. Equity gained on principal adds $874/yr, while 5% annual appreciation compiles into $37,436 by year five. Five-year ROI reaches 347.59% and total cumulative return in cash sums $156,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,504/mo property income covering a $663/mo payment, not borrower’s personal income.
Manufactured
Built in 1979
N/A lot
$N/A/sqft
$900 monthly HOA
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
| 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 |
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
Date | Event | Price |
|---|---|---|
| 2024-09-25 | Listed for sale | $135,500 |
| 2024-09-03 | Pending sale | $135,500 |
| 2024-05-07 | Listed for sale | $135,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Marie Notarangelo • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3900481
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.
