253 Park Ave #305RutherfordNJ07070
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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 Rutherford at 253 Park Ave #305, Rutherford, NJ, 07070 earns from $2,574/mo rent with a $2,203/mo payment. Total monthly income totals $2,574/mo. ROI tracks 14.81% on current figures, and rental yield reads 6.86% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 76.71% and total cumulative return in cash sums $114,438. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,574/mo property income instead of your personal income.
Condo
Built in 1985
305 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07070, Rutherford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,355 (100%) |
| Owner Occupied HU | 4,674 (63.5%) |
| Renter Occupied HU | 2,401 (32.6%) |
| Vacant Housing Units | 280 ( 3.8%) |
| Median Home Value | $649,637 |
| Average Home Value | $671,912 |
Housing Distribution
Address Breakdown
Residential
7,130
Single Family
6,071
Multi-Family
1,059
Businesses
693
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Listed by: Leidy Ramirez • Station Cities
Mls Name: GSMLS
Mls ID: #3989902