2304 Gatherings Dr #2304HaledonNJ07508
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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 Haledon at 2304 Gatherings Dr #2304, Haledon, NJ, 07508 uses $124,313 cash to close to unlock $4,650/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $1,835/mo payment keeps the spread at $388/mo. Purchase price stands at $375,000, and rental yield measures 9.79% with $3,060/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 124.14% and total cumulative return in cash records $154,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 2007
1,505 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07508, Haledon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,801 (100%) |
| Owner Occupied HU | 5,265 (59.8%) |
| Renter Occupied HU | 3,145 (35.7%) |
| Vacant Housing Units | 391 ( 4.4%) |
| Median Home Value | $526,607 |
| Average Home Value | $568,689 |
Housing Distribution
Address Breakdown
Residential
7,680
Single Family
7,556
Multi-Family
124
Businesses
436
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Listed by: Maura Colarelli • Keller Williams Park Views
Mls Name: GSMLS
Mls ID: #3982838