99 Chestnut DrWayneNJ07470
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
Rental property for sale in Wayne at 99 Chestnut Dr, Wayne, NJ, 07470 priced at $807,000 pairs $4,716/mo rent with after a $3,950/mo payment. Total monthly income equals $4,716/mo. Return on cash invested is 15.38% in year one, and rental yield stands at 7.01% on a $807,000 basis. Equity gained on principal adds $5,207/yr, and 5% annual appreciation accumulates to $222,959 by year five. Five-year ROI measures 79.74% and total cumulative return in cash reaches $211,725. For financing, Ziffy Mortgage’s DSCR program evaluates $4,716/mo property income against a $3,950/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Christine Van Reeth • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970842
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