149 W Colfax AveRoselle ParkNJ07204
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Nearby investment properties with comparable prices
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 Roselle Park at 149 W Colfax Ave, Roselle Park, NJ, 07204 offers $3,474/mo rent that, after a $2,080/mo payment, leaves $289/mo cash flow. Total monthly income is $3,474/mo, and annual cash flow is $3,472/yr on $140,888 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 9.81% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 117.78% and total cumulative return in cash reaches $165,941. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,474/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07204, Roselle Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,948 (100%) |
| Owner Occupied HU | 3,014 (50.7%) |
| Renter Occupied HU | 2,358 (39.6%) |
| Vacant Housing Units | 576 ( 9.7%) |
| Median Home Value | $462,374 |
| Average Home Value | $520,429 |
Housing Distribution
Address Breakdown
Residential
5,309
Single Family
4,487
Multi-Family
822
Businesses
370
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Nearby investment properties with comparable prices
Listed by: Thomas Italiano • Hallmark Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3964347
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