383 Hobart 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 383 Hobart Ave, Haledon, NJ, 07508 offers $4,630/mo rent that, after a $3,132/mo payment, leaves $69/mo cash flow. Total monthly income is $4,630/mo, and annual cash flow is $829/yr on $210,494 cash. Return on cash invested measures 20.45% in year one, and rental yield stands at 8.68% at a $639,800 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,765 by year five. Five-year ROI records 106.99% and total cumulative return in cash reaches $225,207. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,630/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
5,227 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: N/A • N/A
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