58B Sandra Circle #1, Westfield, NJ, 07090 | 8.51% Rental Yield

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58B Sandra Circle #1, Westfield, NJ, 07090 | 8.51% 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 Westfield at 58B Sandra Circle #1, Westfield, NJ, 07090 listed at $220,000 pairs $1,560/mo rent with a $1,077/mo payment. Total monthly income runs $1,560/mo. Return on cash invested measures 19.77% in year one, and rental yield registers 8.51% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 103.36% and total cumulative return in cash totals $75,383. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1945

N/A lot

$N/A/sqft

No HOA

More details about the property

This first floor, one bedroom co-op is full of potential with a great layout and ample closet space. The unit has been freshly painted and the hardwood floors have just been refinished, but the kitchen and bathroom are original and in need of updating or renovating.This is a great opportunity to make the space your own and is priced to reflect the work that is needed. The garage (#59) is conveniently located directly behind the unit. Laundry is located in the basement. Fantastic location close to downtown Westfield shops, restaurants and transportation. Echo Lake Park and dog park are less than a mile away. Monthly HOA fee includes property taxes, heat, water, exterior maintenance, trash and snow removal, recycling,sewer and pool. A portion of the HOA fee is tax deductible. NOTE: Wychwood Gardens is a non-smoking community. Sold strictly "as is" - no credits or concessions will be made. Bring your vision and make this a place you will love to call home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,991 (100%)
Owner Occupied HU	8,618 (78.4%)
Renter Occupied HU	1,912 (17.4%)
Vacant Housing Units	461 ( 4.2%)
Median Home Value	$930,018
Average Home Value	$1,034,058