50 Knox TerWayneNJ07470
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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, Wayne, NJ, 07470 uses $129,285 cash to close to unlock $2,736/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $3,008/mo, and a $1,909/mo payment keeps the spread at $228/mo. Purchase price stands at $390,000, and rental yield measures 9.26% with $3,008/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 115.41% and total cumulative return in cash records $149,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,008/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Condo
Built in 1962
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 M. Grosso • Coldwell Banker Realty Srv
Mls Name: GSMLS
Mls ID: #3988745