326 Prospect Ave APT 8EHackensackNJ07601
Nearby investment properties with comparable rents
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
Total monthly income runs $2,493/mo, and a $1,762/mo payment. Purchase price stands at $360,000, and rental yield measures 8.31% with $2,493/mo rent. Return on cash invested shows 19.17% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 100.13% and total cumulative return in cash records $119,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,493/mo property income covering a $1,762/mo payment rather than investor’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Lucyk • Christie's International Real Estate Group-Paramus
Mls Name: NJMLS
Mls ID: #26001724