155 A River DriveElmwood ParkNJ07407
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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
Rental property for sale in Elmwood Park at 155 A River Drive, Elmwood Park, NJ, 07407 priced at $179,500 converts $1,506/mo rent into after a $879/mo obligation. Total monthly income equals $1,506/mo. Return on cash invested prints 12.13% in year one, and rental yield reads 10.07% against a $179,500 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,593 by year five. Five-year ROI reaches 66.9% and total cumulative return in cash sums $39,808. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,506/mo property income covering a $879/mo payment, not borrower’s personal income.
Condo
Built in 1946
N/A lot
$N/A/sqft
$612 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Listed by: Mary Brennan • Christie's Int. Real Estate Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942598
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