240 Main St BLDG 240 #305Little 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 240 Main St BLDG 240 #305, Little Falls, NJ, 07424 uses $116,025 cash to close to unlock $3,028/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $2,747/mo, and a $1,713/mo payment keeps the spread at $252/mo. Purchase price stands at $350,000, and rental yield measures 9.42% with $2,747/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 118.09% and total cumulative return in cash records $137,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,747/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1988
11.84 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: Robert W. Van Der Wende • Bhhs Van Der Wende Properties
Mls Name: GSMLS
Mls ID: #4002997