60 Prospect Ter #3East RutherfordNJ07073
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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 East Rutherford at 60 Prospect Ter #3, East Rutherford, NJ, 07073 offers a 3.46% rental yield on a $1,010,100 purchase with $2,914/mo rent. 65% in year one. Equity gained on principal adds $6,518/yr while 5% annual appreciation supports $279,072 over five years. Portfolio math shows five-year ROI at 22.22% and total cumulative return in cash at $72,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,914/mo property income against a $4,944/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07073, East Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 1,639 (33.6%) |
| Renter Occupied HU | 2,949 (60.5%) |
| Vacant Housing Units | 283 ( 5.8%) |
| Median Home Value | $560,593 |
| Average Home Value | $637,271 |
Housing Distribution
Address Breakdown
Residential
4,358
Single Family
3,395
Multi-Family
963
Businesses
791
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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