445 Van Houten Ave UNIT 204PassaicNJ07055
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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
Total monthly income runs $2,785/mo, and a $1,933/mo payment. Purchase price stands at $395,000, and rental yield measures 8.46% with $2,785/mo rent. Return on cash invested shows 16.29% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 85.86% and total cumulative return in cash records $112,422. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,785/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Condo
Built in 2007
3,484 sqft lot
$N/A/sqft
$365 monthly 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 Provider:
Mls ID: #3944645
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