22 Franklin AveHasbrouck HeightsNJ07604
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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
Rental property for sale in Hasbrouck Heights at 22 Franklin Ave, Hasbrouck Heights, NJ, 07604 priced at $624,998 converts $6,000/mo rent into $1,545/mo cash flow after a $3,059/mo obligation. Total monthly income equals $6,000/mo, and annual cash flow totals $18,542/yr on $205,624 invested. Return on cash invested prints 29.08% in year one, and rental yield reads 11.52% against a $624,998 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,675 by year five. Five-year ROI reaches 153.23% and total cumulative return in cash sums $315,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07604, Hasbrouck Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,728 (100%) |
| Owner Occupied HU | 3,217 (68.0%) |
| Renter Occupied HU | 1,340 (28.3%) |
| Vacant Housing Units | 171 ( 3.6%) |
| Median Home Value | $598,854 |
| Average Home Value | $643,924 |
Housing Distribution
Address Breakdown
Residential
4,549
Single Family
4,214
Multi-Family
335
Businesses
531
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Listed by: Filiberto Ramos • Keller Williams Village Square Realty
Mls Name: NJMLS
Mls ID: #25025890