6 Mountain AveWoodland ParkNJ07424
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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 Woodland Park at 6 Mountain Ave, Woodland Park, NJ, 07424 priced at $1,150,000 converts $6,689/mo rent into after a $5,629/mo obligation. Total monthly income equals $6,689/mo. Return on cash invested prints 15.51% in year one, and rental yield reads 6.98% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 80.42% and total cumulative return in cash sums $299,661. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,689/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
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Listed by: Cara Mccarthy • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929695
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