418 Main St BLDG C #C5Fort LeeNJ07024
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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 Fort Lee at 418 Main St BLDG C #C5, Fort Lee, NJ, 07024 uses $51,383 cash to close to unlock $1,558/yr annual cash flow and $130/mo monthly cash flow. Total monthly income runs $1,235/mo, and a $759/mo payment keeps the spread at $130/mo. Purchase price stands at $155,000, and rental yield measures 9.56% with $1,235/mo rent. Return on cash invested shows 22.94% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 120.33% and total cumulative return in cash records $61,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,235/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1951
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: Victoria Felix • Real
Mls Name: GSMLS
Mls ID: #3974371