187 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 187 E Main St, Prospect Park, NJ, 07508 with 5% annual appreciation on a $349,000 basis while $2,965/mo rent supports operations. Total monthly income totals $2,965/mo and a $1,708/mo payment preserves $324/mo for cash returns. Annual cash flow comes to $3,891/yr on $115,694 deployed, and return on cash invested reaches 23.27% in year one. Equity gained on principal adds $2,252/yr, and five-year appreciation sums $96,422 alongside rental yield of 10.19%. Five-year ROI measures 122.7% and total cumulative return in cash totals $141,960.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,965/mo property income versus a $1,708/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
N/A 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: Donald Johnston • Keller Williams Suburban Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3934207
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