243 Johnson Ave APT L5HackensackNJ07601
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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 Hackensack at 243 Johnson Ave APT L5, Hackensack, NJ, 07601 generates $2,513/mo in rent and, after a $1,468/mo payment, leaves $375/mo in cash flow. Total monthly income is $2,513/mo, and annual cash flow is $4,503/yr on $99,417 invested. Return on cash invested sits at 24.44% in year one, and rental yield is 10.06% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 128.4% and total cumulative return in cash sums $127,648. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,513/mo property income rather than buyer’s personal income.
Condo
Built in 1949
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,077 (100%) |
| Owner Occupied HU | 6,917 (30.0%) |
| Renter Occupied HU | 14,514 (62.9%) |
| Vacant Housing Units | 1,646 ( 7.1%) |
| Median Home Value | $451,947 |
| Average Home Value | $486,208 |
Housing Distribution
Address Breakdown
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
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Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2515518R