640 Franklin Ave #2RNutleyNJ07110
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 640 Franklin Ave #2R, Nutley, NJ, 07110 in Nutley: $2,423/mo in rent, $245/mo in net income, 11.18% gross yield, 2.07 DSCR, all at $260,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $71,833 in appreciation and $2,395/yr in principal paydown projects total cumulative return of $136,353.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $245 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,423 |
| Total Monthly Debt Service | $1,750 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A 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
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
Condo
Built in 1988
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Galicia • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4001006