356 Central AveHaledonNJ07508
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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 Haledon at 356 Central Ave, Haledon, NJ, 07508 offers $3,638/mo rent that, after a $2,163/mo payment, leaves $488/mo cash flow. Total monthly income is $3,638/mo, and annual cash flow is $5,854/yr on $146,523 cash. Return on cash invested measures 23.9% in year one, and rental yield stands at 9.88% at a $442,000 entry. Equity gained on principal adds $2,852/yr while 5% annual appreciation compounds into $122,116 by year five. Five-year ROI records 125.49% and total cumulative return in cash reaches $183,878. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,638/mo property income versus a $2,163/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07508, Haledon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,801 (100%) |
| Owner Occupied HU | 5,265 (59.8%) |
| Renter Occupied HU | 3,145 (35.7%) |
| Vacant Housing Units | 391 ( 4.4%) |
| Median Home Value | $526,607 |
| Average Home Value | $568,689 |
Housing Distribution
Address Breakdown
Residential
7,680
Single Family
7,556
Multi-Family
124
Businesses
436
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Listed by: Karen Peters • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3984450