23 Henches PlLittle FerryNJ07643
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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 Little Ferry at 23 Henches Pl, Little Ferry, NJ, 07643 priced at $424,500 converts $4,170/mo rent into $1,144/mo cash flow after a $2,078/mo obligation. Total monthly income equals $4,170/mo, and annual cash flow totals $13,727/yr on $140,722 invested. Return on cash invested prints 29.66% in year one, and rental yield reads 11.79% against a $424,500 entry. Equity gained on principal adds $2,739/yr, while 5% annual appreciation compiles into $117,282 by year five. Five-year ROI reaches 156.37% and total cumulative return in cash sums $220,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,170/mo property income covering a $2,078/mo payment, not borrower’s personal income.
Single Family
Built in 1923
4,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07643, Little Ferry, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,589 (100%) |
| Owner Occupied HU | 2,054 (44.8%) |
| Renter Occupied HU | 2,366 (51.6%) |
| Vacant Housing Units | 169 ( 3.7%) |
| Median Home Value | $464,179 |
| Average Home Value | $517,863 |
Housing Distribution
Address Breakdown
Residential
4,292
Single Family
3,942
Multi-Family
350
Businesses
451
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