29 Struyk AveProspect ParkNJ07508
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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 Prospect Park at 29 Struyk Ave, Prospect Park, NJ, 07508 priced at $495,000 pairs $6,240/mo rent with $2,712/mo cash flow after a $2,423/mo payment. Total monthly income equals $6,240/mo, and annual cash flow comes to $32,538/yr on $164,093 invested. Return on cash invested is 39.74% in year one, and rental yield stands at 15.13% on a $495,000 basis. Equity gained on principal adds $3,194/yr, and 5% annual appreciation accumulates to $136,759 by year five. Five-year ROI measures 210.41% and total cumulative return in cash reaches $345,262. For financing, Ziffy Mortgage’s DSCR program evaluates $6,240/mo property income against a $2,423/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1916
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07508, Haledon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,801 (100%) |
| Owner Occupied HU | 5,265 (59.8%) |
| Renter Occupied HU | 3,145 (35.7%) |
| Vacant Housing Units | 391 ( 4.4%) |
| Median Home Value | $526,607 |
| Average Home Value | $568,689 |
Housing Distribution
Address Breakdown
Residential
7,680
Single Family
7,556
Multi-Family
124
Businesses
436
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Listed by: Michelle Burroughs • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927442
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