648 E Broad St, Westfield, NJ, 07090 | 4.11% Rental Yield

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648 E Broad St, Westfield, NJ, 07090 | 4.11% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Westfield at 648 E Broad St, Westfield, NJ, 07090 at $1,599,000 posts ROI 6.66% with from $5,477/mo rent. Total monthly income equals $5,477/mo. Return on cash invested measures 6.66% and rental yield reads 4.11% at the current $1,599,000. Equity gained on principal adds $10,318/yr, and 5% annual appreciation supports $441,774 by year five. Five-year ROI prints 32.94% and total cumulative return in cash totals $170,641. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,477/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1925

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Exquisitely renovated and ideally located just 45 minutes by train to Manhattan, this elegant Center Hall Colonial blends timeless architecture with modern luxury. Offering 6 bedrooms and 4.5 bathrooms, the home showcases an open floor plan with rich hardwood floors, designer finishes, and two fireplaces. A grand foyer with sweeping staircase opens to the formal dining room and sunlit living room with a double-sided gas fireplace shared by the expansive eat-in kitchen. The chef's kitchen is outfitted with quartz countertops, premium appliances, and a breakfast area overlooking the yard. The main level also provides a private office, bedroom, and full bath, ideal for guests or extended living. The second floor features a serene primary suite with walk-in closet and spa-like bath, along with two additional bedrooms and a full bath. The third level adds two more spacious bedrooms and another full bath. A partially finished basement offers a versatile recreation room with wet bar and fireplace, laundry area, half bath, and ample storage. Outside, enjoy picturesque curb appeal and a beautifully designed backyard oasis, perfect for relaxing or entertaining. This home is the perfect combination of convenience, sophistication, and comfort.

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