117 Passaic AvePompton LakesNJ07442
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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 Pompton Lakes at 117 Passaic Ave, Pompton Lakes, NJ, 07442 priced at $719,900 pairs $4,199/mo rent with after a $3,524/mo payment. Total monthly income equals $4,199/mo. Return on cash invested is 15.33% in year one, and rental yield stands at 7% on a $719,900 basis. Equity gained on principal adds $4,645/yr, and 5% annual appreciation accumulates to $198,895 by year five. Five-year ROI measures 79.53% and total cumulative return in cash reaches $188,363. For financing, Ziffy Mortgage’s DSCR program evaluates $4,199/mo property income against a $3,524/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07442, Pompton Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 3,241 (74.7%) |
| Renter Occupied HU | 937 (21.6%) |
| Vacant Housing Units | 160 ( 3.7%) |
| Median Home Value | $486,150 |
| Average Home Value | $495,896 |
Housing Distribution
Address Breakdown
Residential
4,302
Single Family
4,097
Multi-Family
205
Businesses
403
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Listed by: Kushtrim Morina • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3983583