412 Tournament6UnionNJ07083
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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 Union at 412 Tournament6, Union, NJ, 07083 uses $107,075 cash to close to unlock $4,460/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $2,674/mo, and a $1,581/mo payment keeps the spread at $372/mo. Purchase price stands at $323,000, and rental yield measures 9.93% with $2,674/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $89,239 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $135,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,674/mo property income covering a $1,581/mo payment rather than investor’s personal income.
Condo
Built in 1986
1,742 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: Kathleen Radler • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3993380