70 Wellington AveShort HillsNJ07078
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
Rental property for sale in Short Hills at 70 Wellington Ave, Short Hills, NJ, 07078 priced at $1,749,000 pairs $5,495/mo rent with after a $8,560/mo payment. Total monthly income equals $5,495/mo. Return on cash invested is 5.61% in year one, and rental yield stands at 3.77% on a $1,749,000 basis. Equity gained on principal adds $11,286/yr, and 5% annual appreciation accumulates to $483,216 by year five. Five-year ROI measures 27.31% and total cumulative return in cash reaches $154,747. For financing, Ziffy Mortgage’s DSCR program evaluates $5,495/mo property income against a $8,560/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1931
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07078, Short Hills, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,520 (100%) |
| Owner Occupied HU | 3,730 (82.5%) |
| Renter Occupied HU | 616 (13.6%) |
| Vacant Housing Units | 174 ( 3.8%) |
| Median Home Value | $1,637,860 |
| Average Home Value | $1,627,410 |
Housing Distribution
Address Breakdown
Residential
4,606
Single Family
4,324
Multi-Family
282
Businesses
450
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Nearby investment properties with comparable prices
Listed by: Maria Sian-afable • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954086
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