31 Union AveLittle FerryNJ07643
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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
Rental property for sale in Little Ferry at 31 Union Ave, Little Ferry, NJ, 07643 offers $3,127/mo rent that, after a $2,937/mo payment. Total monthly income is $3,127/mo. Return on cash invested measures 13.07% in year one, and rental yield stands at 6.25% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 67.36% and total cumulative return in cash reaches $132,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,127/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07643, Little Ferry, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,589 (100%) |
| Owner Occupied HU | 2,054 (44.8%) |
| Renter Occupied HU | 2,366 (51.6%) |
| Vacant Housing Units | 169 ( 3.7%) |
| Median Home Value | $464,179 |
| Average Home Value | $517,863 |
Housing Distribution
Address Breakdown
Residential
4,292
Single Family
3,942
Multi-Family
350
Businesses
451
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Listed by: Jee Mee Lim • RE/MAX NOW - Palisades Park
Mls Name: NJMLS
Mls ID: #25037852