74-78 Hammond Ave A2PassaicNJ07055
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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
Investment property for sale in Passaic at 74-78 Hammond Ave A2, Passaic, NJ, 07055 offers a 8.3% rental yield on a $249,000 purchase with $1,722/mo rent. 14% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 99.93% and total cumulative return in cash at $82,484. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,722/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07055, Passaic, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,898 (100%) |
| Owner Occupied HU | 5,132 (23.4%) |
| Renter Occupied HU | 15,698 (71.7%) |
| Vacant Housing Units | 1,068 ( 4.9%) |
| Median Home Value | $537,015 |
| Average Home Value | $562,836 |
Housing Distribution
Address Breakdown
Residential
20,248
Single Family
13,119
Multi-Family
7,129
Businesses
2,230
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Listed by: Yuli M. Rodriguez • Realty Of America
Mls Name: GSMLS
Mls ID: #3978496