109 Henry Ave #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 109 Henry Ave #B, Palisades Park, NJ, 07650 priced at $1,197,500 converts $4,140/mo rent into after a $5,861/mo obligation. Total monthly income equals $4,140/mo. Return on cash invested prints 6.78% in year one, and rental yield reads 4.15% against a $1,197,500 entry. Equity gained on principal adds $7,727/yr, while 5% annual appreciation compiles into $330,847 by year five. Five-year ROI reaches 33.58% and total cumulative return in cash sums $130,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,140/mo property income covering a $5,861/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A 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: Gina Seo • Kaymax Realty, Inc.
Mls Name: NJMLS
Mls Provider:
Mls ID: #24005739
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-11-11 06:41:37 PST Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.