530 Prospect StMaplewoodNJ07040
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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 Maplewood at 530 Prospect St, Maplewood, NJ, 07040 priced at $798,000 pairs $4,416/mo rent with after a $3,906/mo payment. Total monthly income equals $4,416/mo. Return on cash invested is 14.25% in year one, and rental yield stands at 6.64% on a $798,000 basis. Equity gained on principal adds $5,149/yr, and 5% annual appreciation accumulates to $220,473 by year five. Five-year ROI measures 73.68% and total cumulative return in cash reaches $193,432. For financing, Ziffy Mortgage’s DSCR program evaluates $4,416/mo property income against a $3,906/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07040, Maplewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,229 (100%) |
| Owner Occupied HU | 6,759 (73.2%) |
| Renter Occupied HU | 2,142 (23.2%) |
| Vacant Housing Units | 328 ( 3.6%) |
| Median Home Value | $744,270 |
| Average Home Value | $787,208 |
Housing Distribution
Address Breakdown
Residential
9,038
Single Family
7,357
Multi-Family
1,681
Businesses
879
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Listed by: Mark Slade • Keller Williams Mid-Town Direct
Mls Name: GSMLS
Mls ID: #4003255