40 Ivy PlWayneNJ07470
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 Wayne at 40 Ivy Pl, Wayne, NJ, 07470 priced at $939,900 converts $6,505/mo rent into after a $4,600/mo obligation. Total monthly income equals $6,505/mo. Return on cash invested prints 17.5% in year one, and rental yield reads 8.31% against a $939,900 entry. Equity gained on principal adds $6,065/yr, while 5% annual appreciation compiles into $259,677 by year five. Five-year ROI reaches 91.77% and total cumulative return in cash sums $283,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,505/mo property income covering a $4,600/mo payment, not borrower’s personal income.
Single Family
Built in 1983
1.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Rosciano • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932299
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.