502 Summit AveCarlstadtNJ07072
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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 Carlstadt at 502 Summit Ave, Carlstadt, NJ, 07072 with 5% annual appreciation on a $850,000 basis while $3,652/mo rent supports operations. 73% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 5.16%. Five-year ROI measures 49.49% and total cumulative return in cash totals $138,394. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,652/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07072, Carlstadt, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,544 (100%) |
| Owner Occupied HU | 1,385 (54.4%) |
| Renter Occupied HU | 1,037 (40.8%) |
| Vacant Housing Units | 122 ( 4.8%) |
| Median Home Value | $621,683 |
| Average Home Value | $617,294 |
Housing Distribution
Address Breakdown
Residential
2,221
Single Family
2,159
Multi-Family
62
Businesses
574
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Listed by: David Segro • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3961051