88 Midland AveGarfieldNJ07026
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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
Total monthly income runs $4,320/mo, and a $3,176/mo payment. Purchase price stands at $648,800, and rental yield measures 7.99% with $4,320/mo rent. Return on cash invested shows 18.35% in year one, and 5% annual appreciation builds toward $179,251 over five years. Five-year ROI reaches 95.69% and total cumulative return in cash records $204,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,320/mo property income covering a $3,176/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07026, Garfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 4,740 (37.2%) |
| Renter Occupied HU | 7,345 (57.6%) |
| Vacant Housing Units | 661 ( 5.2%) |
| Median Home Value | $517,466 |
| Average Home Value | $538,461 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
9,735
Multi-Family
1,225
Businesses
869
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Listed by: Roberto Sanchez • United Real Estate
Mls Name: GSMLS
Mls ID: #3986005