257 Floral LnRochelle ParkNJ07662
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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 Rochelle Park at 257 Floral Ln, Rochelle Park, NJ, 07662 priced at $575,000 converts $2,868/mo rent into after a $2,814/mo obligation. Total monthly income equals $2,868/mo. Return on cash invested prints 12.26% in year one, and rental yield reads 5.99% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 63.01% and total cumulative return in cash sums $119,195. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,868/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07662, Rochelle Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,484 (100%) |
| Owner Occupied HU | 1,731 (69.7%) |
| Renter Occupied HU | 572 (23.0%) |
| Vacant Housing Units | 181 ( 7.3%) |
| Median Home Value | $541,667 |
| Average Home Value | $534,063 |
Housing Distribution
Address Breakdown
Residential
2,217
Single Family
2,108
Multi-Family
109
Businesses
439
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Listed by: Michele Dalia • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls ID: #4004895