445-451 Van Houten Ave #101PassaicNJ07055
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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
Rental property for sale in Passaic at 445-451 Van Houten Ave #101, Passaic, NJ, 07055 generates $3,490/mo in rent, after a $2,540/mo payment. Total monthly income is $3,490/mo. Return on cash invested sits at 18.59% in year one, and rental yield is 8.07% on a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 96.97% and total cumulative return in cash sums $165,585. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,490/mo property income rather than buyer’s personal income.
Condo
Built in 2007
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
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Listed by: Charlene Adjetey-nwokoro • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3989654