401 Cortlandt StBellevilleNJ07109
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 Belleville at 401 Cortlandt St, Belleville, NJ, 07109 priced at $499,900 converts $3,600/mo rent into $37/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,600/mo, and annual cash flow totals $439/yr on $165,717 invested. Return on cash invested prints 20.17% in year one, and rental yield reads 8.64% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 105.49% and total cumulative return in cash sums $174,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1897
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edison R. Rivera • Rivera Realty Group
Mls Name: GSMLS
Mls ID: #3999088