16 Grey Rock AveLittle FallsNJ07424
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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 Little Falls at 16 Grey Rock Ave, Little Falls, NJ, 07424 priced at $489,999 pairs $4,205/mo rent with $713/mo cash flow after a $2,398/mo payment. Total monthly income equals $4,205/mo, and annual cash flow comes to $8,552/yr on $162,435 invested. Return on cash invested is 25.17% in year one, and rental yield stands at 10.3% on a $489,999 basis. Equity gained on principal adds $3,162/yr, and 5% annual appreciation accumulates to $135,378 by year five. Five-year ROI measures 132.3% and total cumulative return in cash reaches $214,908. For financing, Ziffy Mortgage’s DSCR program evaluates $4,205/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
6,098 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: Marcely Garcia-espinal • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4005267