125 Prospect Ave #10CGarfieldNJ07601
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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
Investment property for sale in Garfield at 125 Prospect Ave #10C, Garfield, NJ, 07601 offers a 8.57% rental yield on a $349,000 purchase with $2,492/mo rent. Total monthly income registers $2,492/mo, and a $1,708/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $55/yr on $115,694 to close, and return on cash invested stands at 19.96% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 104.33% and total cumulative return in cash at $120,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,492/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,077 (100%) |
| Owner Occupied HU | 6,917 (30.0%) |
| Renter Occupied HU | 14,514 (62.9%) |
| Vacant Housing Units | 1,646 ( 7.1%) |
| Median Home Value | $451,947 |
| Average Home Value | $486,208 |
Housing Distribution
Address Breakdown
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
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Listed by: Hamed Kazerani • Real
Mls Name: NJMLS
Mls ID: #25037896