15 Paradise PlRoselandNJ07068
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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 Roseland at 15 Paradise Pl, Roseland, NJ, 07068 uses $217,140 cash to close to unlock $3,216/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $4,972/mo, and a $3,230/mo payment keeps the spread at $268/mo. Purchase price stands at $660,000, and rental yield measures 9.04% with $4,972/mo rent. Return on cash invested shows 21.54% in year one, and 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 112.79% and total cumulative return in cash records $244,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,972/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
2,978 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07068, Roseland, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,599 (100%) |
| Owner Occupied HU | 1,986 (76.4%) |
| Renter Occupied HU | 554 (21.3%) |
| Vacant Housing Units | 59 ( 2.3%) |
| Median Home Value | $717,544 |
| Average Home Value | $725,034 |
Housing Distribution
Address Breakdown
Residential
2,603
Single Family
2,602
Multi-Family
1
Businesses
440
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Listed by: Sophia V. Colitti • Arcadia, Realtors
Mls Name: GSMLS
Mls ID: #4006351