280 Main St BLDG 280 #308Little FallsNJ07424
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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 Little Falls at 280 Main St BLDG 280 #308, Little Falls, NJ, 07424 earns from $2,747/mo rent with a $2,080/mo payment. Total monthly income totals $2,747/mo. ROI tracks 11.76% on current figures, and rental yield reads 7.76% at a $424,900 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,392 over five years. Five-year ROI reaches 62.47% and total cumulative return in cash sums $87,993. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,747/mo property income instead of your personal income.
Condo
Built in 2002
11.84 Acres lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Robert W. Van Der Wende • Bhhs Van Der Wende Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3976564
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