59 Erie AveMidland ParkNJ07432
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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 Midland Park at 59 Erie Ave, Midland Park, NJ, 07432 with 5% annual appreciation on a $499,999 basis while $4,680/mo rent supports operations. Total monthly income totals $4,680/mo and a $2,447/mo payment preserves $1,116/mo for cash returns. Annual cash flow comes to $13,396/yr on $165,750 deployed, and return on cash invested reaches 27.99% in year one. Equity gained on principal adds $3,226/yr, and five-year appreciation sums $138,141 alongside rental yield of 11.23%. Five-year ROI measures 147.42% and total cumulative return in cash totals $244,351.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,680/mo property income versus a $2,447/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07432, Midland Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,014 (69.1%) |
| Renter Occupied HU | 765 (26.3%) |
| Vacant Housing Units | 135 ( 4.6%) |
| Median Home Value | $626,577 |
| Average Home Value | $637,279 |
Housing Distribution
Address Breakdown
Residential
2,788
Single Family
2,562
Multi-Family
226
Businesses
483
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Listed by: Brandon Ackerman • Real
Mls Name: NJMLS
Mls ID: #25035012