645 Kimball AveWestfieldNJ07090
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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 645 Kimball Ave, Westfield, NJ, 07090 priced at $849,000 converts $5,318/mo rent into after a $4,155/mo obligation. Total monthly income equals $5,318/mo. Return on cash invested prints 16.91% in year one, and rental yield reads 7.52% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 87.97% and total cumulative return in cash sums $245,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,318/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,405 sqft 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: Carolyn A. Denier • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3991311