70 Canoe Brook PkwySummitNJ07901
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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 Summit at 70 Canoe Brook Pkwy, Summit, NJ, 07901 with 5% annual appreciation on a $1,299,000 basis while $4,709/mo rent supports operations. 4% in year one. Equity gained on principal adds $8,382/yr, and five-year appreciation sums $358,890 alongside rental yield of 4.35%. Five-year ROI measures 36.9% and total cumulative return in cash totals $155,317. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,709/mo property income versus a $6,358/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Rebecca Morano • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3986042