84 Locust 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
Investment property for sale in Wallington at 84 Locust Ave, Wallington, NJ, 07057 earns from $3,422/mo rent with a $4,890/mo payment. Total monthly income totals $3,422/mo. ROI tracks 6.55% on current figures, and rental yield reads 4.11% at a $999,000 purchase. Equity gained on principal adds $6,446/yr, and 5% annual appreciation supports $276,005 over five years. Five-year ROI reaches 32.43% and total cumulative return in cash sums $106,598. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,422/mo property income instead of your personal income.
Multi Family
Built in 1960
10,454 sqft 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: Tammy Holmes-valentin • Real
Mls Name: GSMLS
Mls ID: #4006493