191 Harrison StPassaicNJ07055
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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 Passaic at 191 Harrison St, Passaic, NJ, 07055 offers a 4.83% rental yield on a $625,500 purchase with $2,520/mo rent. 75% in year one. Equity gained on principal adds $4,036/yr while 5% annual appreciation supports $172,814 over five years. Portfolio math shows five-year ROI at 44.25% and total cumulative return in cash at $91,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $3,062/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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
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Listed by: Jason Pierce • Prominent Properties Sotheby's International Realty-Tenafly
Mls Name: NJMLS
Mls ID: #25042522