58 Leonard TerRoselandNJ07068
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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
Total monthly income runs $1,500/mo, and a $1,036/mo payment. Purchase price stands at $211,721, and rental yield measures 8.5% with $1,500/mo rent. Return on cash invested shows 19.76% in year one, and 5% annual appreciation builds toward $58,495 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash records $72,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,036/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07068, Roseland, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,599 (100%) |
| Owner Occupied HU | 1,986 (76.4%) |
| Renter Occupied HU | 554 (21.3%) |
| Vacant Housing Units | 59 ( 2.3%) |
| Median Home Value | $717,544 |
| Average Home Value | $725,034 |
Housing Distribution
Address Breakdown
Residential
2,603
Single Family
2,602
Multi-Family
1
Businesses
440
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Listed by: ELVA OLSEN • CHRISTEL REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515404R
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