15 Lackawanna AveWoodland ParkNJ07424
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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
Total monthly income runs $3,374/mo, and a $2,393/mo payment. Purchase price stands at $489,000, and rental yield measures 8.28% with $3,374/mo rent. Return on cash invested shows 19.09% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 99.65% and total cumulative return in cash records $161,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,374/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Effthimia Drimonis • Re/Max Select
Mls Name: GSMLS
Mls ID: #3985432