61 Lakeside DrNutleyNJ07110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nutley at 61 Lakeside Dr, Nutley, NJ, 07110 at $543,700 posts ROI 20.1% with $6/mo cash flow from $3,888/mo rent. Total monthly income equals $3,888/mo, and annual cash flow records $71/yr on $178,877 to close. Return on cash invested measures 20.1% and rental yield reads 8.58% at the current $543,700. Equity gained on principal adds $3,508/yr, and 5% annual appreciation supports $150,214 by year five. Five-year ROI prints 105.09% and total cumulative return in cash totals $187,980.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,888/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
4,800 sqft 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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Nearby investment properties with comparable prices
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