71 Spring StNutleyNJ07110
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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 Nutley at 71 Spring St, Nutley, NJ, 07110 earns from $2,675/mo rent with a $3,818/mo payment. Total monthly income totals $2,675/mo. ROI tracks 6.57% on current figures, and rental yield reads 4.12% at a $780,000 purchase. Equity gained on principal adds $5,033/yr, and 5% annual appreciation supports $215,500 over five years. Five-year ROI reaches 32.52% and total cumulative return in cash sums $83,440. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,675/mo property income instead of your personal income.
Single Family
Built in 1923
4,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,777 (63.8%) |
| Renter Occupied HU | 4,070 (33.4%) |
| Vacant Housing Units | 343 ( 2.8%) |
| Median Home Value | $542,138 |
| Average Home Value | $574,017 |
Housing Distribution
Address Breakdown
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
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Listed by: Vilma Doran • Harrison Realty
Mls Name: GSMLS
Mls ID: #4000243