3 Elm StWanaqueNJ07420
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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 Wanaque at 3 Elm St, Wanaque, NJ, 07420 uses $72,599 cash to close to unlock $143/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,573/mo, and a $1,072/mo payment keeps the spread at $12/mo. Purchase price stands at $219,000, and rental yield measures 8.62% with $1,573/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 105.12% and total cumulative return in cash records $76,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Single Family
Built in 1937
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07420, Haskell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,919 (100%) |
| Owner Occupied HU | 1,536 (80.0%) |
| Renter Occupied HU | 325 (16.9%) |
| Vacant Housing Units | 58 ( 3.0%) |
| Median Home Value | $389,264 |
| Average Home Value | $404,006 |
Housing Distribution
Address Breakdown
Residential
1,826
Single Family
1,826
Multi-Family
0
Businesses
163
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Listed by: Russell Bernar Ginsberg-davis • C-21 Gemini, Llc.
Mls Name: GSMLS
Mls ID: #3999583