7 New StCranfordNJ07016
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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 New St, Cranford, NJ, 07016 generates $4,153/mo in rent, after a $3,695/mo payment. Total monthly income is $4,153/mo. Return on cash invested sits at 14.13% in year one, and rental yield is 6.6% on a $755,000 entry. Equity gained on principal adds $4,872/yr, while 5% annual appreciation builds toward $208,593 over five years. Five-year ROI reaches 73.04% and total cumulative return in cash sums $181,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,153/mo property income rather than buyer’s personal income.
Multi Family
Built in 1914
4,791 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: Eric Kiamie • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3998248