20 Park AveWanaqueNJ07420
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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 Wanaque at 20 Park Ave, Wanaque, NJ, 07420 with 5% annual appreciation on a $549,000 basis while $4,800/mo rent supports operations. Total monthly income totals $4,800/mo and a $2,687/mo payment preserves $887/mo for cash returns. Annual cash flow comes to $10,643/yr on $180,621 deployed, and return on cash invested reaches 25.95% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 10.49%. Five-year ROI measures 136.45% and total cumulative return in cash totals $246,464.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,800/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
6,098 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07420, Haskell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,919 (100%) |
| Owner Occupied HU | 1,536 (80.0%) |
| Renter Occupied HU | 325 (16.9%) |
| Vacant Housing Units | 58 ( 3.0%) |
| Median Home Value | $389,264 |
| Average Home Value | $404,006 |
Housing Distribution
Address Breakdown
Residential
1,826
Single Family
1,826
Multi-Family
0
Businesses
163
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-27 | Listed for sale | $549,000 |
| 2021-06-14 | Sold | $440,000 |
| 2021-05-04 | Listed for sale | $400,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | N/A | N/A | $257,200 | N/A |
| 2023-05-28 | $10871.84 | 2.15% | $257,200 | N/A |
| 2022-05-28 | $10642.94 | 2.22% | $257,200 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1979
- Architectural Style: Raised Ranch
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- Flooring: Carpet, Tile, Wood
- Interior Features: Entrance Foyer, Bathroom, Den, Foyer
- Exterior Features: N/A
- Parking Features: 2 Car Width, Asphalt, Driveway-Exclusive, Attached Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Haskell
- Middle School: Haskell
- High School: Lakeland
Listed by: Anthony Jordan • Howard Hanna Rand Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965298
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