7 Algonquin AveRockawayNJ07866
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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 Rockaway at 7 Algonquin Ave, Rockaway, NJ, 07866 priced at $589,900 converts $4,148/mo rent into after a $2,887/mo obligation. Total monthly income equals $4,148/mo. Return on cash invested prints 19.71% in year one, and rental yield reads 8.44% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 102.99% and total cumulative return in cash sums $199,881. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,148/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07866, Rockaway, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,577 (100%) |
| Owner Occupied HU | 7,428 (77.6%) |
| Renter Occupied HU | 1,721 (18.0%) |
| Vacant Housing Units | 428 ( 4.5%) |
| Median Home Value | $482,983 |
| Average Home Value | $538,570 |
Housing Distribution
Address Breakdown
Residential
9,025
Single Family
9,016
Multi-Family
9
Businesses
949
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Listed by: Agostino Savino • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978495