245 Prospect Ave APT 14DHackensackNJ07601
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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
Total monthly income runs $3,720/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 6.61% with $3,720/mo rent. Return on cash invested shows 14.16% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 73.24% and total cumulative return in cash records $162,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,720/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A 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: Brian Morgenweck • Power Realty Group, LLC
Mls Name: NJMLS
Mls ID: #26003311