285 Aycrigg Ave BLDG 285 #22CPassaicNJ07055
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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 Passaic at 285 Aycrigg Ave BLDG 285 #22C, Passaic, NJ, 07055 uses $54,698 cash to close to unlock $1,638/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $1,313/mo, and a $808/mo payment keeps the spread at $137/mo. Purchase price stands at $165,000, and rental yield measures 9.55% with $1,313/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 120.2% and total cumulative return in cash records $65,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,313/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1964
435.60 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: Sean Farley • Terrie O'connor Realtors
Mls Name: GSMLS
Mls ID: #3997530