800 Palisade Ave APT 1603Fort LeeNJ07024
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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 Fort Lee at 800 Palisade Ave APT 1603, Fort Lee, NJ, 07024 earns from $4,649/mo rent with a $3,085/mo payment. Total monthly income totals $4,649/mo. ROI tracks 14.03% on current figures, and rental yield reads 8.85% at a $630,200 purchase. Equity gained on principal adds $4,067/yr, and 5% annual appreciation supports $174,113 over five years. Five-year ROI reaches 75.06% and total cumulative return in cash sums $155,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,649/mo property income instead of your personal income.
Multi Family
Built in 1987
1.89 Acres lot
$N/A/sqft
$1,198 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07024, Fort Lee, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,662 (100%) |
| Owner Occupied HU | 10,390 (50.3%) |
| Renter Occupied HU | 8,673 (42.0%) |
| Vacant Housing Units | 1,599 ( 7.7%) |
| Median Home Value | $639,455 |
| Average Home Value | $692,357 |
Housing Distribution
Address Breakdown
Residential
19,876
Single Family
6,688
Multi-Family
13,188
Businesses
1,745
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Listed by: N/A • N/A
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