629 Clark StWestfieldNJ07090
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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 Westfield at 629 Clark St, Westfield, NJ, 07090 generates $6,204/mo in rent, after a $4,772/mo payment. Total monthly income is $6,204/mo. Return on cash invested sits at 17.27% in year one, and rental yield is 7.64% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 89.9% and total cumulative return in cash sums $288,387. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,204/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Natalie Schickel • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4000766