62 Highview AveTotowaNJ07512
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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 Totowa at 62 Highview Ave, Totowa, NJ, 07512 generates $2,760/mo in rent, after a $2,371/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 14.73% in year one, and rental yield is 6.84% on a $484,500 entry. Equity gained on principal adds $3,126/yr, while 5% annual appreciation builds toward $133,858 over five years. Five-year ROI reaches 76.3% and total cumulative return in cash sums $122,545. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07512, Totowa, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,269 (78.9%) |
| Renter Occupied HU | 739 (17.8%) |
| Vacant Housing Units | 133 ( 3.2%) |
| Median Home Value | $559,416 |
| Average Home Value | $576,190 |
Housing Distribution
Address Breakdown
Residential
3,994
Single Family
3,928
Multi-Family
66
Businesses
661
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Listed by: Emilio Baldino • C-21 Gemini, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932320
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