6-12 Hillside Ave C0207 BLDG 12 #2GNutleyNJ07110
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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
Rental property for sale in Nutley at 6-12 Hillside Ave C0207 BLDG 12 #2G, Nutley, NJ, 07110 generates $1,529/mo in rent, after a $1,101/mo payment. Total monthly income is $1,529/mo. Return on cash invested sits at 18.71% in year one, and rental yield is 8.16% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 97.69% and total cumulative return in cash sums $72,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,529/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A 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: Matthew Defede • Realty Executives Elite Homes
Mls Name: GSMLS
Mls ID: #4000875