83 Anderson AveWallingtonNJ07057
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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
Rental property for sale in Wallington at 83 Anderson Ave, Wallington, NJ, 07057 priced at $578,888 converts $3,300/mo rent into after a $2,833/mo obligation. Total monthly income equals $3,300/mo. Return on cash invested prints 14.86% in year one, and rental yield reads 6.84% against a $578,888 entry. Equity gained on principal adds $3,735/yr, while 5% annual appreciation compiles into $159,936 by year five. Five-year ROI reaches 76.97% and total cumulative return in cash sums $146,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,300/mo property income covering a $2,833/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07057, Wallington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,213 (100%) |
| Owner Occupied HU | 1,931 (37.0%) |
| Renter Occupied HU | 3,020 (57.9%) |
| Vacant Housing Units | 262 ( 5.0%) |
| Median Home Value | $557,007 |
| Average Home Value | $565,225 |
Housing Distribution
Address Breakdown
Residential
4,371
Single Family
4,292
Multi-Family
79
Businesses
324
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Listed by: Roberto Carreno • Real
Mls Name: NJMLS
Mls ID: #25034147