555 Prospect AveDumontNJ07628
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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 Dumont at 555 Prospect Ave, Dumont, NJ, 07628 offers $2,640/mo rent that, after a $3,621/mo payment. Total monthly income is $2,640/mo. Return on cash invested measures 7.08% in year one, and rental yield stands at 4.28% at a $739,900 entry. Equity gained on principal adds $4,774/yr while 5% annual appreciation compounds into $204,421 by year five. Five-year ROI records 35.24% and total cumulative return in cash reaches $85,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,640/mo property income versus a $3,621/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: Colleen Fisco • RE/MAX Integrity
Mls Name: NJMLS
Mls ID: #25033708