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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Westfield at 502 W Broad St, Westfield, NJ, 07090 at $499,500 posts ROI 25.59% with $783/mo cash flow from $4,344/mo rent. Total monthly income equals $4,344/mo, and annual cash flow records $9,401/yr on $165,584 to close. Return on cash invested measures 25.59% and rental yield reads 10.44% at the current $499,500. Equity gained on principal adds $3,223/yr, and 5% annual appreciation supports $138,003 by year five. Five-year ROI prints 134.52% and total cumulative return in cash totals $222,751.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
Date | Event | Price |
|---|---|---|
| 2024-06-17 | Listed for sale | $499,500 |
| 2012-12-03 | Listing removed | $249,900 |
| 2012-08-01 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $7434.22 | 2.13% | $337,000 | N/A |
| 2022-10-16 | $7279.20 | -0.14% | $337,000 | N/A |
| 2021-10-16 | $7289.31 | 0.60% | $337,000 | N/A |
Listed by: Karen Merrill • O'brien Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3908167
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
