264 W Colfax AveRoselle ParkNJ07204
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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 Roselle Park at 264 W Colfax Ave, Roselle Park, NJ, 07204 priced at $449,900 converts $2,880/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 17.28% in year one, and rental yield reads 7.68% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 89.99% and total cumulative return in cash sums $134,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07204, Roselle Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,948 (100%) |
| Owner Occupied HU | 3,014 (50.7%) |
| Renter Occupied HU | 2,358 (39.6%) |
| Vacant Housing Units | 576 ( 9.7%) |
| Median Home Value | $462,374 |
| Average Home Value | $520,429 |
Housing Distribution
Address Breakdown
Residential
5,309
Single Family
4,487
Multi-Family
822
Businesses
370
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Listed by: Stanislav Nemcik • Century 21 Alliance Realty
Mls Name: GSMLS
Mls ID: #4005334