241 Morrissee AveHaledonNJ07508
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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 Haledon at 241 Morrissee Ave, Haledon, NJ, 07508 generates $4,198/mo in rent, after a $3,190/mo payment. Total monthly income is $4,198/mo. Return on cash invested sits at 17.56% in year one, and rental yield is 7.73% on a $651,700 entry. Equity gained on principal adds $4,205/yr, while 5% annual appreciation builds toward $180,053 over five years. Five-year ROI reaches 91.43% and total cumulative return in cash sums $196,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,198/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
0.39 Acres 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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