555 North Ave APT 6FFort LeeNJ07024
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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
Investment property for sale in Fort Lee at 555 North Ave APT 6F, Fort Lee, NJ, 07024 uses $107,738 cash to close to unlock $77,366/yr annual cash flow and $6,447/mo monthly cash flow. Total monthly income runs $8,764/mo, and a $1,591/mo payment keeps the spread at $6,447/mo. Purchase price stands at $325,000, and rental yield measures 32.36% with $8,764/mo rent. Return on cash invested shows 91.72% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 489.19% and total cumulative return in cash records $527,041. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,764/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: Ila Kasofsky • Prominent Properties Sotheby's International Realty-Englewood Cliffs
Mls Name: NJMLS
Mls ID: #25035656