245 N 7th StProspect ParkNJ07508
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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 Prospect Park at 245 N 7th St, Prospect Park, NJ, 07508 earns $1,970/mo cash flow from $6,240/mo rent with a $2,932/mo payment. Total monthly income totals $6,240/mo, and annual cash flow totals $23,643/yr on $197,071 capital. ROI tracks 32.06% on current figures, and rental yield reads 12.5% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 169.2% and total cumulative return in cash sums $333,454. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,240/mo property income instead of your personal income.
Multi Family
Built in N/A
N/A 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: Romany Botros • EXP Realty, LLC
Mls Name: NJMLS
Mls ID: #25029857