246 Prospect AveNorth ArlingtonNJ07031
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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 North Arlington at 246 Prospect Ave, North Arlington, NJ, 07031 with 5% annual appreciation on a $619,900 basis while $3,367/mo rent supports operations. 87% in year one. Equity gained on principal adds $4,000/yr, and five-year appreciation sums $171,267 alongside rental yield of 6.52%. Five-year ROI measures 71.69% and total cumulative return in cash totals $146,216. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,367/mo property income versus a $3,034/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07031, North Arlington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,802 (100%) |
| Owner Occupied HU | 3,542 (52.1%) |
| Renter Occupied HU | 3,036 (44.6%) |
| Vacant Housing Units | 224 ( 3.3%) |
| Median Home Value | $550,000 |
| Average Home Value | $571,886 |
Housing Distribution
Address Breakdown
Residential
6,146
Single Family
5,662
Multi-Family
484
Businesses
407
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Listed by: Teri Degroat • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4002437