191 E Main StProspect ParkNJ07508
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
Investment property for sale in Prospect Park at 191 E Main St, Prospect Park, NJ, 07508 at $399,000 posts ROI 32.27% with $1,362/mo cash flow from $4,360/mo rent. Total monthly income equals $4,360/mo, and annual cash flow records $16,349/yr on $132,269 to close. Return on cash invested measures 32.27% and rental yield reads 13.11% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 170.88% and total cumulative return in cash totals $226,022.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,360/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1988
N/A lot
$N/A/sqft
$90 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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Nearby investment properties with comparable prices
Listed by: Anthony Jordan • Howard Hanna Rand Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3926018
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