170-202 Lafayette Ave #11-EPassaicNJ07055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $2,318/mo, and a $1,713/mo payment. Purchase price stands at $350,000, and rental yield measures 7.95% with $2,318/mo rent. Return on cash invested shows 18.08% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 94.3% and total cumulative return in cash records $109,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1975
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Brown • Identity Properties
Mls Name: GSMLS
Mls ID: #4000785