267 Summer StPassaicNJ07055
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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 $2,863/mo, and a $3,534/mo payment. Purchase price stands at $722,000, and rental yield measures 4.76% with $2,863/mo rent. Return on cash invested shows 8.52% in year one, and 5% annual appreciation builds toward $199,475 over five years. Five-year ROI reaches 43% and total cumulative return in cash records $102,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,863/mo property income covering a $3,534/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
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Listed by: N/A • N/A
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Mls ID: #N/A