82 Franklin Pl #10SummitNJ07901
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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 Summit at 82 Franklin Pl #10, Summit, NJ, 07901 listed at $1,045,000 pairs $3,867/mo rent with a $5,115/mo payment. Total monthly income runs $3,867/mo. Return on cash invested measures 4.05% in year one, and rental yield registers 4.44% at a $1,045,000 basis. Equity gained on principal adds $6,743/yr, and annual property appreciation at 5% supports $288,714 by year five. Five-year ROI tracks 20.28% and total cumulative return in cash totals $68,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,867/mo property income relative to a $5,115/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2018
0.93 Acres lot
$N/A/sqft
$1,023 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Simon Westfall-kwong • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3958614
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