395 Park St UNIT FHackensackNJ07601
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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
Investment property for sale in Hackensack at 395 Park St UNIT F, Hackensack, NJ, 07601 uses $79,560 cash to close to unlock $2,196/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,894/mo, and a $1,175/mo payment keeps the spread at $183/mo. Purchase price stands at $240,000, and rental yield measures 9.47% with $1,894/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 118.86% and total cumulative return in cash records $94,562. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,894/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1950
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
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Listed by: Wanda Simmons • Jason Mitchell Real Estate Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3945966
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