7 Lee AveMadisonNJ07940
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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 Madison at 7 Lee Ave, Madison, NJ, 07940 earns from $5,690/mo rent with a $4,978/mo payment. Total monthly income totals $5,690/mo. ROI tracks 14.69% on current figures, and rental yield reads 6.71% at a $1,017,000 purchase. Equity gained on principal adds $6,563/yr, and 5% annual appreciation supports $280,978 over five years. Five-year ROI reaches 76.02% and total cumulative return in cash sums $250,501. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,690/mo property income instead of your personal income.
Single Family
Built in 1935
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07940, Madison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,092 (100%) |
| Owner Occupied HU | 3,918 (64.3%) |
| Renter Occupied HU | 1,929 (31.7%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $912,115 |
| Average Home Value | $1,040,997 |
Housing Distribution
Address Breakdown
Residential
5,860
Single Family
5,539
Multi-Family
321
Businesses
573
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Listed by: Susan Oldendorp • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3997231