824 Summit AveHackensackNJ07601
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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 Hackensack at 824 Summit Ave, Hackensack, NJ, 07601 at $769,999 posts ROI 16.8% with from $4,800/mo rent. Total monthly income equals $4,800/mo. Return on cash invested measures 16.8% and rental yield reads 7.48% at the current $769,999. Equity gained on principal adds $4,969/yr, and 5% annual appreciation supports $212,737 by year five. Five-year ROI prints 87.38% and total cumulative return in cash totals $221,349. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07601, Hackensack, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,077 (100%) |
| Owner Occupied HU | 6,917 (30.0%) |
| Renter Occupied HU | 14,514 (62.9%) |
| Vacant Housing Units | 1,646 ( 7.1%) |
| Median Home Value | $451,947 |
| Average Home Value | $486,208 |
Housing Distribution
Address Breakdown
Residential
21,242
Single Family
11,835
Multi-Family
9,407
Businesses
2,747
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Listed by: Anthony Fazzinga • Prestige Property Group - Montclair
Mls Name: NJMLS
Mls ID: #26000290