55 Garwood CtGarfieldNJ07026
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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 Garfield at 55 Garwood Ct, Garfield, NJ, 07026 offers $3,761/mo rent that, after a $2,325/mo payment, leaves $375/mo cash flow. Total monthly income is $3,761/mo, and annual cash flow is $4,502/yr on $157,463 cash. Return on cash invested measures 22.77% in year one, and rental yield stands at 9.5% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 119.43% and total cumulative return in cash reaches $188,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,761/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Nearby investment properties with comparable prices
Listed by: Diana Van Allen • Century 21 Jr Gold Team Realty
Mls Name: GSMLS
Mls ID: #3994962