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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hackensack at 388 Parker Ave, Hackensack, NJ, 07601 uses $206,941 cash to close to unlock $867/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $4,556/mo, and a $3,079/mo payment keeps the spread at $72/mo. Purchase price stands at $629,000, and rental yield measures 8.69% with $4,556/mo rent. Return on cash invested shows 20.48% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 107.12% and total cumulative return in cash records $221,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,556/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3,751 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,077 (100%) |
| Owner Occupied HU | 6,917 (30.0%) |
| Renter Occupied HU | 14,514 (62.9%) |
| Vacant Housing Units | 1,646 ( 7.1%) |
| Median Home Value | $451,947 |
| Average Home Value | $486,208 |
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
Date | Event | Price |
|---|---|---|
| 2024-10-17 | Listed for sale | $629,000 |
| 2019-10-18 | Sold | $438,000 |
| 2019-07-15 | Listing removed | $460,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $12477.59 | 4.17% | $433,400 | 1.17% |
| 2022-11-11 | $11978.06 | -1.05% | $428,400 | 18.83% |
| 2021-11-11 | $12105.59 | 21.58% | $360,500 | N/A |
Listed by: Francis Debari • CENTURY 21 PREFERRED REALTY INC
Mls Name: HCMLS
Mls ID: #240020536
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
