551 Prospect St, Maplewood, NJ, 07040 | 4.45% Rental Yield

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551 Prospect St, Maplewood, NJ, 07040 | 4.45% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Maplewood at 551 Prospect St, Maplewood, NJ, 07040 with 5% annual appreciation on a $1,050,000 basis while $3,894/mo rent supports operations. 71% in year one. Equity gained on principal adds $6,775/yr, and five-year appreciation sums $290,096 alongside rental yield of 4.45%. Five-year ROI measures 38.56% and total cumulative return in cash totals $131,177. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,894/mo property income versus a $5,139/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1912

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 551 Prospect Street a stunning Victorian that blends timeless architectural detail w thoughtful modern updates. Set on an almost 1/2 acre property w wooded trails, this home offers a rare combination of historic elegance & serene, park-like living just moments from Maplewood Village & train to NYC. Step onto the inviting mahogany front porch, perfect for morning coffee. Inside, the gracious foyer features 2 large coat closets & original hardwood parquet floors. High ceilings & oversized windows throughout fill the home w natural light. The spacious living room w wood-burning fireplace & coffered ceiling, & sunlit dining room w beautiful windows set the stage for entertaining. The renovated kitchen w island opens to a large deck overlooking the fenced backyard & tranquil wooded lot beyond. Upstairs are 4 bright bedrooms w newer Pella windows, oversized closets, & an extra-large linen closet. The renovated full bath w tub completes this level. The third-floor primary suite is a true retreat w vaulted ceilings, exposed beams, mini-split for added comfort, full b with clawfoot soaking tub & tiled shower, plus 2 very generous closets. Finally, the partially finished basement boasts tall ceilings, laundry room, full bath, & direct walk-out access to the serene backyard. A newer roof w warranty, & whole house water filter add to the upgrades. This exceptional home captures the essence of Maplewood living, historic charm, modern updates, & a connection to nature.

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