64 E Century RdParamusNJ07652
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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 64 E Century Rd, Paramus, NJ, 07652 priced at $889,900 converts $7,920/mo rent into $1,577/mo cash flow after a $4,356/mo obligation. Total monthly income equals $7,920/mo, and annual cash flow totals $18,919/yr on $292,777 invested. Return on cash invested prints 26.52% in year one, and rental yield reads 10.68% against a $889,900 entry. Equity gained on principal adds $5,742/yr, while 5% annual appreciation compiles into $245,863 by year five. Five-year ROI reaches 139.51% and total cumulative return in cash sums $408,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,920/mo property income covering a $4,356/mo payment, not borrower’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: Jason Levine • Coldwell Banker, Ridgewood
Mls Name: NJMLS
Mls ID: #26002095