42 Lakeshore DrProspect ParkNJ07508
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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 Prospect Park at 42 Lakeshore Dr, Prospect Park, NJ, 07508 uses $279,650 cash to close to unlock $2,180/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $6,240/mo, and a $4,160/mo payment keeps the spread at $182/mo. Purchase price stands at $849,999, and rental yield measures 8.81% with $6,240/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 109.04% and total cumulative return in cash records $304,917. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,240/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A 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: Ghada Battal • Prominent Properties Sotheby's International Realty-Franklin Lakes
Mls Name: NJMLS
Mls ID: #25042293