285 Aycrigg Ave UNIT 6EPassaicNJ07055
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Passaic at 285 Aycrigg Ave UNIT 6E, Passaic, NJ, 07055 offers $3,012/mo rent that, after a $1,493/mo payment. Total monthly income is $3,012/mo. Return on cash invested measures 19.63% in year one, and rental yield stands at 11.85% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 106.29% and total cumulative return in cash reaches $107,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,012/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1964
435.60 sqft lot
$N/A/sqft
$861 monthly 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: William Parkerson • Compass New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950775
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