71 Steuben AveWestwoodNJ07675
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 Westwood at 71 Steuben Ave, Westwood, NJ, 07675 priced at $589,000 converts $6,300/mo rent into $2,102/mo cash flow after a $2,883/mo obligation. Total monthly income equals $6,300/mo, and annual cash flow totals $25,219/yr on $193,781 invested. Return on cash invested prints 33.07% in year one, and rental yield reads 12.84% against a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation compiles into $162,730 by year five. Five-year ROI reaches 174.65% and total cumulative return in cash sums $338,438. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,300/mo property income covering a $2,883/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07675, Westwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,691 (100%) |
| Owner Occupied HU | 8,019 (75.0%) |
| Renter Occupied HU | 2,278 (21.3%) |
| Vacant Housing Units | 394 ( 3.7%) |
| Median Home Value | $726,071 |
| Average Home Value | $800,220 |
Housing Distribution
Address Breakdown
Residential
10,611
Single Family
9,663
Multi-Family
948
Businesses
936
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Listed by: Kimberly Moran • Coldwell Banker, Hillsdale
Mls Name: NJMLS
Mls Provider:
Mls ID: #24027494
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-09-16 12:01:40 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.