502 Prospect AveDumontNJ07628
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Dumont at 502 Prospect Ave, Dumont, NJ, 07628 earns from $2,640/mo rent with a $3,034/mo payment. Total monthly income totals $2,640/mo. ROI tracks 9.6% on current figures, and rental yield reads 5.11% at a $619,900 purchase. Equity gained on principal adds $4,000/yr, and 5% annual appreciation supports $171,267 over five years. Five-year ROI reaches 48.75% and total cumulative return in cash sums $99,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07628, Dumont, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,545 (100%) |
| Owner Occupied HU | 4,640 (70.9%) |
| Renter Occupied HU | 1,773 (27.1%) |
| Vacant Housing Units | 132 ( 2.0%) |
| Median Home Value | $525,975 |
| Average Home Value | $564,629 |
Housing Distribution
Address Breakdown
Residential
6,510
Single Family
6,275
Multi-Family
235
Businesses
363
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Antonette Treble • Century 21 Concept 100
Mls Name: NJMLS
Mls ID: #25038087