387 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 387 Hobart Ave, Haledon, NJ, 07508 generates $3,134/mo in rent, after a $3,181/mo payment. Total monthly income is $3,134/mo. Return on cash invested sits at 11.65% in year one, and rental yield is 5.79% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 59.77% and total cumulative return in cash sums $127,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,134/mo property income rather than buyer’s personal income.
Multi Family
Built in 1935
2,483 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: Ataullah R Barnes • Realty One Group Prodigy
Mls Name: GSMLS
Mls ID: #3987551