103 W Colfax AveRoselle ParkNJ07204
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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 Roselle Park at 103 W Colfax Ave, Roselle Park, NJ, 07204 priced at $447,200 converts $3,788/mo rent into $446/mo cash flow after a $2,189/mo obligation. Total monthly income equals $3,788/mo, and annual cash flow totals $5,352/yr on $148,247 invested. Return on cash invested prints 23.52% in year one, and rental yield reads 10.16% against a $447,200 entry. Equity gained on principal adds $2,886/yr, while 5% annual appreciation compiles into $123,553 by year five. Five-year ROI reaches 123.88% and total cumulative return in cash sums $183,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,788/mo property income covering a $2,189/mo payment, not borrower’s personal income.
Single Family
Built in 1930
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07204, Roselle Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,948 (100%) |
| Owner Occupied HU | 3,014 (50.7%) |
| Renter Occupied HU | 2,358 (39.6%) |
| Vacant Housing Units | 576 ( 9.7%) |
| Median Home Value | $462,374 |
| Average Home Value | $520,429 |
Housing Distribution
Address Breakdown
Residential
5,309
Single Family
4,487
Multi-Family
822
Businesses
370
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Listed by: Amalia Vacca • Century 21 Alliance Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968119
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