800 12th St APT 308Palisades ParkNJ07650
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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
Total monthly income runs $4,045/mo, and a $3,108/mo payment. Purchase price stands at $635,000, and rental yield measures 7.64% with $4,045/mo rent. Return on cash invested shows 12.74% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 67.24% and total cumulative return in cash records $140,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,045/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$794 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07650, Palisades Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 2,530 (32.7%) |
| Renter Occupied HU | 4,845 (62.7%) |
| Vacant Housing Units | 354 ( 4.6%) |
| Median Home Value | $791,775 |
| Average Home Value | $790,008 |
Housing Distribution
Address Breakdown
Residential
7,104
Single Family
5,674
Multi-Family
1,430
Businesses
767
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Listed by: Youngjoo Sung • RE/MAX NOW - Palisades Park
Mls Name: NJMLS
Mls Provider:
Mls ID: #25036465
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