1 Taft AveWoodland ParkNJ07424
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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
Rental property for sale in Woodland Park at 1 Taft Ave, Woodland Park, NJ, 07424 priced at $749,900 converts $6,000/mo rent into $655/mo cash flow after a $3,670/mo obligation. Total monthly income equals $6,000/mo, and annual cash flow totals $7,863/yr on $246,717 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 9.6% against a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation compiles into $207,184 by year five. Five-year ROI reaches 121.96% and total cumulative return in cash sums $300,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $3,670/mo payment, not borrower’s personal income.
Multi Family
Built in 1959
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Julia Gaffney • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3944946
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