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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Summit at 66 Fernwood Rd, Summit, NJ, 07901 projects strong ROI of 1.14%. Rental yield 2.32%. With 5% annual appreciation, the property builds $1,229,453 in value over five years. Equity growth combined delivers a projected five-year ROI of 3.35%, translating into $48,368 in total cumulative return on $1,441,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1915
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $4,450,000 |
| 2025-04-29 | Listing removed | $4,450,000 |
| 2024-11-22 | Listed for sale | $4,450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-27 | $47868.08 | 0.67% | $1,098,900 | 8.59% |
| 2023-06-27 | $47549.40 | 9.70% | $1,012,000 | N/A |
| 2022-06-27 | $43343.96 | -0.79% | $1,012,000 | N/A |
Listed by: Arlene Gorman Gonnella • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971932
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
