108B Princeton Pl #BPalisades ParkNJ07650
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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 Palisades Park at 108B Princeton Pl #B, Palisades Park, NJ, 07650 offers $5,266/mo rent that, after a $4,648/mo payment. Total monthly income is $5,266/mo. Return on cash invested measures 14.29% in year one, and rental yield stands at 6.65% at a $949,600 entry. Equity gained on principal adds $6,128/yr while 5% annual appreciation compounds into $262,357 by year five. Five-year ROI records 73.91% and total cumulative return in cash reaches $230,924. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,266/mo property income versus a $4,648/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2009
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07650, Palisades Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 2,530 (32.7%) |
| Renter Occupied HU | 4,845 (62.7%) |
| Vacant Housing Units | 354 ( 4.6%) |
| Median Home Value | $791,775 |
| Average Home Value | $790,008 |
Housing Distribution
Address Breakdown
Residential
7,104
Single Family
5,674
Multi-Family
1,430
Businesses
767
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Listed by: N/A • N/A
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