








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 Little Falls at 58 1st Ave, Little Falls, NJ, 07424 priced at $849,000 converts $6,000/mo rent into after a $4,155/mo obligation. Total monthly income equals $6,000/mo. Return on cash invested prints 19.84% in year one, and rental yield reads 8.48% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 103.67% and total cumulative return in cash sums $289,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,000/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
| 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 |
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Listed for sale | $849,000 |
| 2018-05-19 | Listing removed | $2,350 |
| 2018-04-24 | Listed for rent | $2,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $15829.09 | 11.04% | $482,300 | 8.68% |
| 2022-10-17 | $14254.86 | -0.56% | $443,800 | N/A |
| 2021-10-17 | $14334.74 | 1.54% | $443,800 | N/A |



Listed by: Michael Schiff • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929003
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