5 Edison PlEast RutherfordNJ07073
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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 East Rutherford at 5 Edison Pl, East Rutherford, NJ, 07073 priced at $595,000 pairs $3,060/mo rent with after a $2,912/mo payment. Total monthly income equals $3,060/mo. Return on cash invested is 12.82% in year one, and rental yield stands at 6.17% on a $595,000 basis. Equity gained on principal adds $3,839/yr, and 5% annual appreciation accumulates to $164,388 by year five. Five-year ROI measures 66.06% and total cumulative return in cash reaches $129,314. For financing, Ziffy Mortgage’s DSCR program evaluates $3,060/mo property income against a $2,912/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1950
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07073, East Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 1,639 (33.6%) |
| Renter Occupied HU | 2,949 (60.5%) |
| Vacant Housing Units | 283 ( 5.8%) |
| Median Home Value | $560,593 |
| Average Home Value | $637,271 |
Housing Distribution
Address Breakdown
Residential
4,358
Single Family
3,395
Multi-Family
963
Businesses
791
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Listed by: Michael Kowalski • Redfin Corporation
Mls Name: GSMLS
Mls ID: #3994182