524 Edgar RoadWestfieldNJ07090
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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 Westfield at 524 Edgar Road, Westfield, NJ, 07090 priced at $724,000 pairs $6,028/mo rent with $867/mo cash flow after a $3,544/mo payment. Total monthly income equals $6,028/mo, and annual cash flow comes to $10,405/yr on $238,196 invested. Return on cash invested is 24.43% in year one, and rental yield stands at 9.99% on a $724,000 basis. Equity gained on principal adds $4,672/yr, and 5% annual appreciation accumulates to $200,028 by year five. Five-year ROI measures 128.3% and total cumulative return in cash reaches $305,595. For financing, Ziffy Mortgage’s DSCR program evaluates $6,028/mo property income against a $3,544/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Amber Linsky • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3989974