55 Spring StNutleyNJ07110
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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 Nutley at 55 Spring St, Nutley, NJ, 07110 uses $149,175 cash to close to unlock $8,976/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $3,956/mo, and a $2,203/mo payment keeps the spread at $748/mo. Purchase price stands at $450,000, and rental yield measures 10.55% with $3,956/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 136.33% and total cumulative return in cash records $203,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,956/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1926
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,777 (63.8%) |
| Renter Occupied HU | 4,070 (33.4%) |
| Vacant Housing Units | 343 ( 2.8%) |
| Median Home Value | $542,138 |
| Average Home Value | $574,017 |
Housing Distribution
Address Breakdown
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
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Listed by: Maureen T Mulligan • MID-REALTY, INC.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3964029
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