45 Van Ness AveLittle FallsNJ07424
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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 Little Falls at 45 Van Ness Ave, Little Falls, NJ, 07424 generates $2,716/mo in rent, after a $3,255/mo payment. Total monthly income is $2,716/mo. Return on cash invested sits at 8.96% in year one, and rental yield is 4.9% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 45.32% and total cumulative return in cash sums $99,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,716/mo property income rather than buyer’s personal income.
Multi Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Christine Romanelli • Compass New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959219
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