40 Newark AveWayneNJ07470
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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 40 Newark Ave, Wayne, NJ, 07470 uses $254,975 cash to close to unlock $5,330/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $5,968/mo, and a $3,793/mo payment keeps the spread at $444/mo. Purchase price stands at $775,000, and rental yield measures 9.24% with $5,968/mo rent. Return on cash invested shows 22.15% in year one, and 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 116.08% and total cumulative return in cash records $295,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,968/mo property income covering a $3,793/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.69 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
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Listed by: Iskender Yesilyurt • Coldwell Banker Realty Fle
Mls Name: GSMLS
Mls ID: #3983219