43 Passaic AveSummitNJ07901
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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 Summit at 43 Passaic Ave, Summit, NJ, 07901 listed at $1,065,000 pairs $8,376/mo rent with a $5,213/mo payment to leave $785/mo cash flow. Total monthly income runs $8,376/mo, and annual cash flow reaches $9,414/yr on $345,060 cash to close. Return on cash invested measures 23.1% in year one, and rental yield registers 9.44% at a $1,065,000 basis. Equity gained on principal adds $6,872/yr, and annual property appreciation at 5% supports $294,240 by year five. Five-year ROI tracks 121.11% and total cumulative return in cash totals $417,911. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,376/mo property income relative to a $5,213/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07901, Summit, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,523 (100%) |
| Owner Occupied HU | 5,655 (66.3%) |
| Renter Occupied HU | 2,439 (28.6%) |
| Vacant Housing Units | 429 ( 5.0%) |
| Median Home Value | $997,958 |
| Average Home Value | $1,178,497 |
Housing Distribution
Address Breakdown
Residential
8,706
Single Family
8,027
Multi-Family
679
Businesses
870
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Listed by: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3996335