956 Summit AveWestfieldNJ07090
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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 Westfield at 956 Summit Ave, Westfield, NJ, 07090 listed at $918,000 pairs $5,798/mo rent with a $4,493/mo payment. Total monthly income runs $5,798/mo. Return on cash invested measures 17.1% in year one, and rental yield registers 7.58% at a $918,000 basis. Equity gained on principal adds $5,924/yr, and annual property appreciation at 5% supports $253,626 by year five. Five-year ROI tracks 88.98% and total cumulative return in cash totals $268,727. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,798/mo property income relative to a $4,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1942
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Michele Beaulieu • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3973427