340 Kipp AveElmwood ParkNJ07407
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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 Elmwood Park at 340 Kipp Ave, Elmwood Park, NJ, 07407 priced at $475,000 converts $4,560/mo rent into $1,174/mo cash flow after a $2,325/mo obligation. Total monthly income equals $4,560/mo, and annual cash flow totals $14,090/yr on $157,463 invested. Return on cash invested prints 28.86% in year one, and rental yield reads 11.52% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 152.09% and total cumulative return in cash sums $239,479. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Listed by: Justin Marchese • Aldo's Realty
Mls Name: NJMLS
Mls ID: #26003088