60 Hillside TerWayneNJ07470
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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 Wayne at 60 Hillside Ter, Wayne, NJ, 07470 offers $4,903/mo rent that, after a $3,177/mo payment, leaves $277/mo cash flow. Total monthly income is $4,903/mo, and annual cash flow is $3,319/yr on $213,521 cash. Return on cash invested measures 21.61% in year one, and rental yield stands at 9.07% at a $649,000 entry. Equity gained on principal adds $4,188/yr while 5% annual appreciation compounds into $179,307 by year five. Five-year ROI records 113.2% and total cumulative return in cash reaches $241,704. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,903/mo property income versus a $3,177/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Lauren Turano • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985266