525 Edgar RdWestfieldNJ07090
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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 Westfield at 525 Edgar Rd, Westfield, NJ, 07090 uses $230,267 cash to close to unlock $419/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $5,024/mo, and a $3,426/mo payment keeps the spread at $35/mo. Purchase price stands at $699,900, and rental yield measures 8.61% with $5,024/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 105.83% and total cumulative return in cash records $243,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,024/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1931
5,550 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: PAUL GIANNANTONIO • ERA CENTRAL LEVINSON
Mls Name: All Jersey MLS
Mls ID: #2607337R