605 Craig AveParamusNJ07652
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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 Paramus at 605 Craig Ave, Paramus, NJ, 07652 generates $4,198/mo in rent, after a $6,118/mo payment. Total monthly income is $4,198/mo. Return on cash invested sits at 6.41% in year one, and rental yield is 4.03% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 31.62% and total cumulative return in cash sums $128,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,198/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07652, Paramus, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 7,412 (82.9%) |
| Renter Occupied HU | 1,210 (13.5%) |
| Vacant Housing Units | 321 ( 3.6%) |
| Median Home Value | $780,552 |
| Average Home Value | $844,403 |
Housing Distribution
Address Breakdown
Residential
8,961
Single Family
8,573
Multi-Family
388
Businesses
1,823
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Listed by: Benjamin Cripps • EXP Realty, LLC - Wyckoff
Mls Name: NJMLS
Mls ID: #25038988