239 Summer StPassaicNJ07055
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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 Passaic at 239 Summer St, Passaic, NJ, 07055 earns $857/mo cash flow from $3,700/mo rent with a $1,952/mo payment. Total monthly income totals $3,700/mo, and annual cash flow totals $10,286/yr on $132,229 capital. ROI tracks 27.69% on current figures, and rental yield reads 11.13% at a $398,880 purchase. Equity gained on principal adds $2,574/yr, and 5% annual appreciation supports $110,203 over five years. Five-year ROI reaches 145.81% and total cumulative return in cash sums $192,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,700/mo property income instead of your personal income.
Single Family
Built in 1928
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
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Listed by: Eric Jon Melnikoff • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls ID: #3981591