185 E Main StProspect ParkNJ07508
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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 Prospect Park at 185 E Main St, Prospect Park, NJ, 07508 listed at $329,000 pairs $3,200/mo rent with a $1,610/mo payment to leave $641/mo cash flow. Total monthly income runs $3,200/mo, and annual cash flow reaches $7,687/yr on $109,064 cash to close. Return on cash invested measures 26.96% in year one, and rental yield registers 11.67% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 142.74% and total cumulative return in cash totals $155,673. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,200/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1988
1,271 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07508, Haledon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,801 (100%) |
| Owner Occupied HU | 5,265 (59.8%) |
| Renter Occupied HU | 3,145 (35.7%) |
| Vacant Housing Units | 391 ( 4.4%) |
| Median Home Value | $526,607 |
| Average Home Value | $568,689 |
Housing Distribution
Address Breakdown
Residential
7,680
Single Family
7,556
Multi-Family
124
Businesses
436
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Listed by: Ellen Mccourt • Coldwell Banker Realty Hil
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943005
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