7 B Parkway Village #7CranfordNJ07016
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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 Cranford at 7 B Parkway Village #7, Cranford, NJ, 07016 generates $2,848/mo in rent and, after a $1,821/mo payment, leaves $196/mo in cash flow. Total monthly income is $2,848/mo, and annual cash flow is $2,354/yr on $123,318 invested. Return on cash invested sits at 21.82% in year one, and rental yield is 9.19% on a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation builds toward $102,777 over five years. Five-year ROI reaches 114.35% and total cumulative return in cash sums $141,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,848/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07016, Cranford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,435 (100%) |
| Owner Occupied HU | 6,913 (73.3%) |
| Renter Occupied HU | 2,147 (22.8%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $669,813 |
| Average Home Value | $714,383 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
7,997
Multi-Family
1,071
Businesses
960
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Listed by: Constance Hellhake • Re/Max Select
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967794
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