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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wayne at 71 Lake Trl, Wayne, NJ, 07470 generates $5,273/mo in rent and, after a $3,372/mo payment, leaves $362/mo in cash flow. Total monthly income is $5,273/mo, and annual cash flow is $4,347/yr on $226,681 invested. Return on cash invested sits at 21.98% in year one, and rental yield is 9.18% on a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation builds toward $190,358 over five years. Five-year ROI reaches 115.16% and total cumulative return in cash sums $261,042. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,273/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Giuseppe Ciciulla • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3993449
