384 Morrissee 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 384 Morrissee Ave, Haledon, NJ, 07508 priced at $659,999 converts $2,759/mo rent into after a $3,230/mo obligation. Total monthly income equals $2,759/mo. Return on cash invested prints 9.31% in year one, and rental yield reads 5.02% against a $659,999 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation compiles into $182,346 by year five. Five-year ROI reaches 47.22% and total cumulative return in cash sums $102,525. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,759/mo property income covering a $3,230/mo payment, not borrower’s personal income.
Multi Family
Built in 1939
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: Dinora Ferreras • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3994485