307 Prospect Ave APT 17DHackensackNJ07601
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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 Hackensack at 307 Prospect Ave APT 17D, Hackensack, NJ, 07601 listed at $299,900 pairs $2,412/mo rent with a $1,468/mo payment to leave $274/mo cash flow. Total monthly income runs $2,412/mo, and annual cash flow reaches $3,291/yr on $99,417 cash to close. Return on cash invested measures 23.22% in year one, and rental yield registers 9.65% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 121.86% and total cumulative return in cash totals $121,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,412/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,077 (100%) |
| Owner Occupied HU | 6,917 (30.0%) |
| Renter Occupied HU | 14,514 (62.9%) |
| Vacant Housing Units | 1,646 ( 7.1%) |
| Median Home Value | $451,947 |
| Average Home Value | $486,208 |
Housing Distribution
Address Breakdown
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
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Listed by: Yousif Karabit • Real
Mls Name: NJMLS
Mls ID: #26001564