7 Westminster PlGarfieldNJ07026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garfield at 7 Westminster Pl, Garfield, NJ, 07026 with 5% annual appreciation on a $515,000 basis while $4,320/mo rent supports operations. Total monthly income totals $4,320/mo and a $2,521/mo payment preserves $649/mo for cash returns. Annual cash flow comes to $7,786/yr on $169,435 deployed, and return on cash invested reaches 24.66% in year one. Equity gained on principal adds $3,323/yr, and five-year appreciation sums $142,285 alongside rental yield of 10.07%. Five-year ROI measures 129.5% and total cumulative return in cash totals $219,421.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,320/mo property income versus a $2,521/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rondale Peterson • United Real Estate
Mls Name: NJMLS
Mls ID: #26000139