63 Conover AveNutleyNJ07110
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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 Nutley at 63 Conover Ave, Nutley, NJ, 07110 generates $5,602/mo in rent and, after a $3,402/mo payment, leaves $648/mo in cash flow. Total monthly income is $5,602/mo, and annual cash flow is $7,774/yr on $228,655 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.67% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash sums $281,442. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,602/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
7,360 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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Listed by: Mary Ryder • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4000995