83 Wagaraw BlvdProspect ParkNJ07508
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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
Rental property for sale in Prospect Park at 83 Wagaraw Blvd, Prospect Park, NJ, 07508 priced at $735,000 converts $6,240/mo rent into $1,002/mo cash flow after a $3,597/mo obligation. Total monthly income equals $6,240/mo, and annual cash flow totals $12,018/yr on $241,815 invested. Return on cash invested prints 25.03% in year one, and rental yield reads 10.19% against a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation compiles into $203,067 by year five. Five-year ROI reaches 131.51% and total cumulative return in cash sums $318,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,240/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07508, Haledon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,801 (100%) |
| Owner Occupied HU | 5,265 (59.8%) |
| Renter Occupied HU | 3,145 (35.7%) |
| Vacant Housing Units | 391 ( 4.4%) |
| Median Home Value | $526,607 |
| Average Home Value | $568,689 |
Housing Distribution
Address Breakdown
Residential
7,680
Single Family
7,556
Multi-Family
124
Businesses
436
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Listed by: Adrianne Smith-arroyo • Sylver Property Group Llc
Mls Name: GSMLS
Mls ID: #4005569