740 Lawrence Ave, Westfield, NJ, 07090 | ROI: 6.32%

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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740 Lawrence Ave, Westfield, NJ, 07090 | ROI: 6.32% | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Westfield at 740 Lawrence Ave, Westfield, NJ, 07090 projects strong ROI of 6.32%. Rental yield 4%. With 5% annual appreciation, the property builds $759,774 in value over five years. Equity growth combined delivers a projected five-year ROI of 31.11%, translating into $277,225 in total cumulative return on $891,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in 1951

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful quintessential center hall colonial in the desirable Franklin School district blending classic charm with modern amenities in a PRIME location just minutes from Downtown. The gracious entryway opens to a formal living room with a two sided wood burning fireplace that flows perfectly into the cozy den. The DR with gas FP is perfect for hosting dinner parties. The designer kitchen has a large center island & top of the line stainless appliances (including Viking double wall ovens & cooktop) and opens to a spacious FR with coffered ceilings and wood burning FP. The main floor also features a 1st fl bdrm/full bath (used as a gym) as well as a powder room & private home office w/custom built-ins. Upstairs, the primary suite includes a spa bathroom w/soaking tub, stall shower, double sinks & huge walk-in closet. There are 3 addt'l bdrms & 3 baths on this level (three en suites!) The 3rd fl boasts a large rec room, perfect as a playroom or potential bedroom. The bsmt offers plenty of addt'l living space w/ a large rec room w/gas FP, built in bar, billiards room, bonus room, full bath & loads of storage space. Large, professionally landscaped yard is perfect for summer barbecues and includes an oversized new patio surrounded by lush, mature landscaping. Addt'l amenities incl Sonos sound system, sprinklers,landscape lighting, HIK multiple camera security system & more. Conveniently located close to shops, restaurants, schools & train, this is the perfect place to call home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,991 (100%)
Owner Occupied HU	8,618 (78.4%)
Renter Occupied HU	1,912 (17.4%)
Vacant Housing Units	461 ( 4.2%)
Median Home Value	$930,018
Average Home Value	$1,034,058