800 Palisade Ave #PENTHOUSE 21AFort 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 #PENTHOUSE 21A, Fort Lee, NJ, 07024 listed at $1,299,000 pairs $4,395/mo rent with a $6,358/mo payment. Total monthly income runs $4,395/mo. Return on cash invested measures 6.5% in year one, and rental yield registers 4.06% at a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and annual property appreciation at 5% supports $358,890 by year five. Five-year ROI tracks 32.1% and total cumulative return in cash totals $135,109. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,395/mo property income relative to a $6,358/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: Linda Stamker • Compass New Jersey, LLC-Ridgewood
Mls Name: NJMLS
Mls ID: #25020447