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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Passaic at 2 Forest Ct, Passaic, NJ, 07055 at $625,000 posts ROI 15.66% with from $3,700/mo rent. Total monthly income equals $3,700/mo. Return on cash invested measures 15.66% and rental yield reads 7.1% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 81.25% and total cumulative return in cash totals $167,077. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1927
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
| 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 |
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Fred Spoelstra • Nicholas Real Estate Agency
Mls Name: GSMLS
Mls ID: #3969709
