7 Beekman Hill RdEssex FellsNJ07021
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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
Total monthly income runs $6,138/mo, and a $5,359/mo payment. Purchase price stands at $1,095,000, and rental yield measures 6.73% with $6,138/mo rent. Return on cash invested shows 14.73% in year one, and 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 76.25% and total cumulative return in cash records $270,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,138/mo property income covering a $5,359/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07021, Essex Fells, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 644 (88.8%) |
| Renter Occupied HU | 33 ( 4.6%) |
| Vacant Housing Units | 48 ( 6.6%) |
| Median Home Value | $1,173,729 |
| Average Home Value | $1,298,680 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
794
Multi-Family
0
Businesses
62
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Listed by: Donald Belfiore • Douglass James Premier Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3919606
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