Carlton: Build On Your Own Lot Plan, Kensington: Design Center, Summit, NJ, 07901 | Equity Gain $5,162/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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Carlton: Build On Your Own Lot Plan, Kensington: Design Center, Summit, NJ, 07901 | Equity Gain $5,162/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Summit at Carlton: Build On Your Own Lot Plan, Kensington: Design Center, Summit, NJ, 07901 priced at $800,000 converts $0/mo rent into after a $3,916/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.94% in year one, and rental yield reads 0% against a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $221,025 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $3,916/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

We at RWB Homes Build-to-Suite Custom Homes within your budget. Please schedule a Free Consultation Call with us. We can walk you through our Custom Build program. We build in Bergen, Essex, Morris, Mercer and Union counties. WE CAN HELP YOU FIND THE IDEAL LOT WHERE WE CAN BUILD YOU A CUSTOM HOME WITHIN YOUR BUDGET. Floor Plans are just a reference point of what to expect in your Custom Home. You will have an opportunity to work with our Architect & Interior Designer teams to design your own custom floor plan within the SF allowance and bring your own customizations to your home. You have to buy the Lot and we build your Custom Home per your specifications. FINANCING IS AVAILABLE WITH AS MINIMUM AS 10% DOWN PAYMENT AND A 30-YEAR TERM LOAN WITH CONVENTIONAL MORTGAGE RATES. Build Cost is based on: (i) max. Lot size of 10,000 SF; (ii) Public utilities on-site at curb; (iii) Flat Lot. With our streamlined process and rigorous attention to detail, we will handle all the heavy lifting and make sure every last detail of your personal design choices are built into your Custom Home. LET'S MAKE YOUR DREAM HOME A REALITY WITH RWB HOMES. Note: The price reflects the price of the home itself and does not include the property. You are responsible for providing the property (or WE CAN HELP YOU FIND THE LOT) on which these plans will be built.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,523 (100%)
Owner Occupied HU	5,655 (66.3%)
Renter Occupied HU	2,439 (28.6%)
Vacant Housing Units	429 ( 5.0%)
Median Home Value	$997,958
Average Home Value	$1,178,497