316 Prospect Ave UNIT 7HHackensackNJ07601
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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 Hackensack at 316 Prospect Ave UNIT 7H, Hackensack, NJ, 07601 priced at $369,999 converts $3,226/mo rent into after a $1,811/mo obligation. Total monthly income equals $3,226/mo. Return on cash invested prints 16.55% in year one, and rental yield reads 10.46% against a $369,999 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation compiles into $102,224 by year five. Five-year ROI reaches 89.38% and total cumulative return in cash sums $109,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,226/mo property income covering a $1,811/mo payment, not borrower’s personal income.
Condo
Built in 1987
188.57 sqft lot
$N/A/sqft
$932 monthly 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: Gregory Earnshaw • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929309
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