23 B Colonial Dr #23BLittle FallsNJ07424
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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 Little Falls at 23 B Colonial Dr #23B, Little Falls, NJ, 07424 earns $483/mo cash flow from $2,963/mo rent with a $1,703/mo payment. Total monthly income totals $2,963/mo, and annual cash flow totals $5,794/yr on $115,362 capital. ROI tracks 24.93% on current figures, and rental yield reads 10.22% at a $348,000 purchase. Equity gained on principal adds $2,246/yr, and 5% annual appreciation supports $96,146 over five years. Five-year ROI reaches 131% and total cumulative return in cash sums $151,126. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,963/mo property income instead of your personal income.
Condo
Built in 1962
6.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Karen Peters • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3987427