413 Lanza AveGarfieldNJ07026
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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
Rental property for sale in Garfield at 413 Lanza Ave, Garfield, NJ, 07026 priced at $828,800 converts $4,320/mo rent into after a $4,057/mo obligation. Total monthly income equals $4,320/mo. Return on cash invested prints 13.07% in year one, and rental yield reads 6.25% against a $828,800 entry. Equity gained on principal adds $5,348/yr, while 5% annual appreciation compiles into $228,982 by year five. Five-year ROI reaches 67.4% and total cumulative return in cash sums $183,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,320/mo property income covering a $4,057/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Christina Tolen • Weichert Realtors, Monroe
Mls Name: NJMLS
Mls ID: #25041200