93 Prospect St UNIT 1GarfieldNJ07026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garfield at 93 Prospect St UNIT 1, Garfield, NJ, 07026 at $599,888 posts ROI 20.2% with $22/mo cash flow from $4,423/mo rent. Total monthly income equals $4,423/mo, and annual cash flow records $267/yr on $197,363 to close. Return on cash invested measures 20.2% and rental yield reads 8.85% at the current $599,888. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,738 by year five. Five-year ROI prints 105.87% and total cumulative return in cash totals $208,957.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,423/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2020
N/A lot
$N/A/sqft
$125 monthly 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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Nearby investment properties with comparable prices
Listed by: Alfredo Oquendo • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942629
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