105 Park AvePassaicNJ07055
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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 Passaic at 105 Park Ave, Passaic, NJ, 07055 priced at $469,900 pairs $4,890/mo rent with $1,541/mo cash flow after a $2,300/mo payment. Total monthly income equals $4,890/mo, and annual cash flow comes to $18,487/yr on $155,772 invested. Return on cash invested is 31.78% in year one, and rental yield stands at 12.49% on a $469,900 basis. Equity gained on principal adds $3,032/yr, and 5% annual appreciation accumulates to $129,825 by year five. Five-year ROI measures 167.72% and total cumulative return in cash reaches $261,254. For financing, Ziffy Mortgage’s DSCR program evaluates $4,890/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
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Listed by: Shirley Colon • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942134
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