58 Hardwick LnWayneNJ07470
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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 Wayne at 58 Hardwick Ln, Wayne, NJ, 07470 listed at $675,000 pairs $5,382/mo rent with a $3,304/mo payment to leave $571/mo cash flow. Total monthly income runs $5,382/mo, and annual cash flow reaches $6,846/yr on $222,075 cash to close. Return on cash invested measures 23.14% in year one, and rental yield registers 9.57% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 121.39% and total cumulative return in cash totals $269,583. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,382/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Jonathan Lai • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3981832