23 Oak StWanaqueNJ07420
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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 Wanaque at 23 Oak St, Wanaque, NJ, 07420 priced at $450,000 pairs $4,800/mo rent with $1,592/mo cash flow after a $2,203/mo payment. Total monthly income equals $4,800/mo, and annual cash flow comes to $19,104/yr on $149,175 invested. Return on cash invested is 32.72% in year one, and rental yield stands at 12.8% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 172.74% and total cumulative return in cash reaches $257,682. For financing, Ziffy Mortgage’s DSCR program evaluates $4,800/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
10,018 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 |
|---|---|---|
| 2024-10-08 | Listed for sale | $450,000 |
| 2002-11-14 | Sold | $235,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $7435.29 | 2.15% | $175,900 | N/A |
| 2022-10-17 | $7278.74 | 2.22% | $175,900 | N/A |
| 2021-10-17 | $7120.43 | 3.61% | $175,900 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1950
- Architectural Style: Ranch
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Forced Air, Natural Gas
- Cooling: 1 Unit, Central Air
- Flooring: Tile, Vinyl-Linoleum
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Gravel, Off Street
Location
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: Underground Utilities
- Sewer: Septic 3 Bedroom Town Verified
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Jamie M. Matari • Keller Williams Village Square
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928287
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.