60 Hawthorne AveGlen RidgeNJ07028
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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 Glen Ridge at 60 Hawthorne Ave, Glen Ridge, NJ, 07028 with 5% annual appreciation on a $749,000 basis while $5,694/mo rent supports operations. Total monthly income totals $5,694/mo and a $3,666/mo payment preserves $355/mo for cash returns. Annual cash flow comes to $4,263/yr on $246,421 deployed, and return on cash invested reaches 21.79% in year one. Equity gained on principal adds $4,833/yr, and five-year appreciation sums $206,935 alongside rental yield of 9.12%. Five-year ROI measures 114.15% and total cumulative return in cash totals $281,284.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,694/mo property income versus a $3,666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07028, Glen Ridge, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,796 (100%) |
| Owner Occupied HU | 2,250 (80.5%) |
| Renter Occupied HU | 491 (17.6%) |
| Vacant Housing Units | 55 ( 2.0%) |
| Median Home Value | $821,864 |
| Average Home Value | $913,219 |
Housing Distribution
Address Breakdown
Residential
2,730
Single Family
2,491
Multi-Family
239
Businesses
179
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Listed by: Amy Owens • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3985119