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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Summit at 6 Joanna Way, Summit, NJ, 07901 generates $5,804/mo in rent, after a $8,565/mo payment. Total monthly income is $5,804/mo. Return on cash invested sits at 6.25% in year one, and rental yield is 3.98% on a $1,749,999 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation builds toward $483,492 over five years. Five-year ROI reaches 30.78% and total cumulative return in cash sums $174,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,804/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Rosemary M Dangler • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3994819
