Zip Code 07088 — Union, NJ
🟡MODERATE— average returnsCap Rate
4.3%
Monthly Cash Flow
-$846
Median Home Price
$474,822
DSCR
0.67
Fair Market Rents
- Studio
- $1,630/mo
- 1 Bedroom
- $1,880/mo
- 2 Bedroom
- $2,270/mo
- 3 Bedroom
- $2,870/mo
- 4 Bedroom
- $3,320/mo
Investment Metrics
- Cap Rate
- 4.3%
- Cash-on-Cash Return
- -9.3%
- Price-to-Rent Ratio
- 13.8
- 1% Rule
- 0.60%
- Gross Rent Multiplier
- 13.8
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →