38 Pitcairn AveHo Ho KusNJ07423
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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 Ho Ho Kus at 38 Pitcairn Ave, Ho Ho Kus, NJ, 07423 priced at $749,900 converts $6,000/mo rent into $655/mo cash flow after a $3,670/mo obligation. Total monthly income equals $6,000/mo, and annual cash flow totals $7,863/yr on $246,717 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 9.6% against a $749,900 entry. Equity gained on principal adds $4,839/yr, while 5% annual appreciation compiles into $207,184 by year five. Five-year ROI reaches 121.96% and total cumulative return in cash sums $300,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $3,670/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: 07423, Ho Ho Kus, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 1,323 (89.9%) |
| Renter Occupied HU | 93 ( 6.3%) |
| Vacant Housing Units | 55 ( 3.7%) |
| Median Home Value | $1,001,816 |
| Average Home Value | $1,121,155 |
Housing Distribution
Address Breakdown
Residential
1,465
Single Family
1,465
Multi-Family
0
Businesses
237
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Listed by: Eleanor Portsmore • Berkshire Hathaway Home Services Abbott Realtors
Mls Name: NJMLS
Mls Provider:
Mls ID: #25015855
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-05-29 07:47:20 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.