189 Forest Ave #117ParamusNJ07652
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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 Paramus at 189 Forest Ave #117, Paramus, NJ, 07652 earns from $2,280/mo rent with a $1,713/mo payment. Total monthly income totals $2,280/mo. ROI tracks 17.69% on current figures, and rental yield reads 7.82% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 92.19% and total cumulative return in cash sums $106,958. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,280/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07652, Paramus, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 7,412 (82.9%) |
| Renter Occupied HU | 1,210 (13.5%) |
| Vacant Housing Units | 321 ( 3.6%) |
| Median Home Value | $780,552 |
| Average Home Value | $844,403 |
Housing Distribution
Address Breakdown
Residential
8,961
Single Family
8,573
Multi-Family
388
Businesses
1,823
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Listed by: Linda Amabile • RE/MAX Signature Homes
Mls Name: NJMLS
Mls ID: #25043982