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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rockaway at 46 Algonquin Ave, Rockaway, NJ, 07866 priced at $450,000 converts $0/mo rent into after a $2,203/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -6.5% in year one, and rental yield reads 0% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.45 Acres lot
$N/A/sqft
$900 annually HOA
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $450,000 |
| 2025-05-23 | Listing removed | $470,000 |
| 2025-05-09 | Pending sale | $470,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $8997.08 | 4.76% | $350,900 | 7.21% |
| 2023-05-30 | $8588.35 | 4.48% | $327,300 | 8.38% |
| 2022-05-30 | $8220.44 | 3.86% | $302,000 | 8.28% |
No similar rental properties found nearby.
Listed by: Meena R. Patel • Keller Williams Village Square
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965949
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
