333 Grand Ave APT 4EPalisades ParkNJ07650
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
Rental property for sale in Palisades Park at 333 Grand Ave APT 4E, Palisades Park, NJ, 07650 generates $2,237/mo in rent and, after a $1,346/mo payment, leaves $278/mo in cash flow. Total monthly income is $2,237/mo, and annual cash flow is $3,337/yr on $91,129 invested. Return on cash invested sits at 23.57% in year one, and rental yield is 9.77% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 123.74% and total cumulative return in cash sums $112,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,237/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07650, Palisades Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 2,530 (32.7%) |
| Renter Occupied HU | 4,845 (62.7%) |
| Vacant Housing Units | 354 ( 4.6%) |
| Median Home Value | $791,775 |
| Average Home Value | $790,008 |
Housing Distribution
Address Breakdown
Residential
7,104
Single Family
5,674
Multi-Family
1,430
Businesses
767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Shim • Prominent Properties Sotheby's International Realty-Alpine
Mls Name: NJMLS
Mls ID: #26000358