404 Burroughs TerUnionNJ07083
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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 Union at 404 Burroughs Ter, Union, NJ, 07083 priced at $499,000 converts $3,812/mo rent into $256/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,812/mo, and annual cash flow totals $3,067/yr on $165,419 invested. Return on cash invested prints 21.76% in year one, and rental yield reads 9.17% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 114.01% and total cumulative return in cash sums $188,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,812/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07083, Union, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,858 (100%) |
| Owner Occupied HU | 14,421 (66.0%) |
| Renter Occupied HU | 6,528 (29.9%) |
| Vacant Housing Units | 909 ( 4.2%) |
| Median Home Value | $481,353 |
| Average Home Value | $534,432 |
Housing Distribution
Address Breakdown
Residential
20,999
Single Family
18,269
Multi-Family
2,730
Businesses
2,244
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Listed by: Elizabeth Morris • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #4004584