680 Union Ave #E1BellevilleNJ07109
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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
Investment property for sale in Belleville at 680 Union Ave #E1, Belleville, NJ, 07109 offers a 10.34% rental yield on a $339,000 purchase with $2,922/mo rent. Total monthly income registers $2,922/mo, and a $1,659/mo payment leaves $506/mo available for distribution. Annual cash flow reaches $6,071/yr on $112,379 to close, and return on cash invested stands at 25.31% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 133.03% and total cumulative return in cash at $149,500. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,922/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Kevin Cascone • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3985941