522 Spruce AveNorthfieldNJ08225
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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 Northfield at 522 Spruce Ave, Northfield, NJ, 08225 offers $3,280/mo rent that, after a $1,512/mo payment, leaves $1,078/mo cash flow. Total monthly income is $3,280/mo, and annual cash flow is $12,935/yr on $102,434 cash. Return on cash invested measures 32.54% in year one, and rental yield stands at 12.74% at a $309,000 entry. Equity gained on principal adds $1,994/yr while 5% annual appreciation compounds into $85,371 by year five. Five-year ROI records 171.79% and total cumulative return in cash reaches $175,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,280/mo property income versus a $1,512/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,780 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08225, Northfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,585 (100%) |
| Owner Occupied HU | 2,739 (76.4%) |
| Renter Occupied HU | 505 (14.1%) |
| Vacant Housing Units | 341 ( 9.5%) |
| Median Home Value | $381,876 |
| Average Home Value | $443,246 |
Housing Distribution
Address Breakdown
Residential
3,416
Single Family
3,416
Multi-Family
0
Businesses
561
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Nearby investment properties with comparable prices
Listed by: MICHELE ZELIG • PLATINUM REAL ESTATE
Mls Name: SJSRMLS
Mls ID: #598178