50 Knox Ter APT 1BWayneNJ07470
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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 Wayne at 50 Knox Ter APT 1B, Wayne, NJ, 07470 offers a 9.96% rental yield on a $390,000 purchase with $3,238/mo rent. Total monthly income registers $3,238/mo, and a $1,909/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,496/yr on $129,285 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 126.86% and total cumulative return in cash at $164,012. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,238/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Danielle Grosso • Coldwell Banker, Allendale/Saddle River Valley
Mls Name: NJMLS
Mls ID: #25033720