62 Howard AveRochelle ParkNJ07662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rochelle Park at 62 Howard Ave, Rochelle Park, NJ, 07662 generates $2,868/mo in rent, after a $3,035/mo payment. Total monthly income is $2,868/mo. Return on cash invested sits at 10.93% in year one, and rental yield is 5.55% on a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,295 over five years. Five-year ROI reaches 55.92% and total cumulative return in cash sums $114,063. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,868/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: 07662, Rochelle Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,484 (100%) |
| Owner Occupied HU | 1,731 (69.7%) |
| Renter Occupied HU | 572 (23.0%) |
| Vacant Housing Units | 181 ( 7.3%) |
| Median Home Value | $541,667 |
| Average Home Value | $534,063 |
Housing Distribution
Address Breakdown
Residential
2,217
Single Family
2,108
Multi-Family
109
Businesses
439
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joy Ant • Elite Real Estate Group
Mls Name: NJMLS
Mls ID: #25035576