150 Grand Ave APT 1A, Hackensack, NJ, 07601 | $602/mo Cash Flow

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150 Grand Ave APT 1A, Hackensack, NJ, 07601 | $602/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hackensack at 150 Grand Ave APT 1A, Hackensack, NJ, 07601 generates $4,158/mo in rent and, after a $2,442/mo payment, leaves $602/mo in cash flow. Total monthly income is $4,158/mo, and annual cash flow is $7,219/yr on $165,419 invested. Return on cash invested sits at 24.27% in year one, and rental yield is 10% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 127.48% and total cumulative return in cash sums $210,870. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,158/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

This pristine 1,500 sq ft corner-unit condo offers refined one-level living with a fully updated interior and an inviting open layout. Expansive, sunlit rooms anchor the home, showcasing three generously sized bedrooms and two beautifully finished full baths. The custom kitchen is a true centerpiece, featuring Black Galaxy granite countertops, a spacious seating island, newer appliances, and the convenience of an in-unit washer and dryer. Hardwood flooring elevates the main living areas, while the bedrooms provide comfort with plush, premium carpeting. The private primary suite includes multiple closets and its own full bath. Central air, custom window treatments, and excellent storage throughout enhance everyday comfort. Outdoors, a landscaped side yard creates a quiet place to relax, and the oversized two-car tandem garage offers additional storage or workspace options. Located in one of the most desirable neighborhoods in the area, this home provides unbeatable accessibility to Routes 4, 17, and 80, as well as nearby NYC-bound train service. Enjoy top-tier shopping and dining, including Westfield Garden State Plaza, and benefit from close proximity to acclaimed medical centers. Beautifully maintained and truly move-in ready, this exceptional condo delivers comfort, convenience, and style in one impressive package.

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