870 Passaic AveKearnyNJ07032
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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 Kearny at 870 Passaic Ave, Kearny, NJ, 07032 generates $3,379/mo in rent, after a $2,932/mo payment. Total monthly income is $3,379/mo. Return on cash invested sits at 14.64% in year one, and rental yield is 6.77% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 75.78% and total cumulative return in cash sums $149,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,379/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07032, Kearny, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,485 (100%) |
| Owner Occupied HU | 6,112 (39.5%) |
| Renter Occupied HU | 8,682 (56.1%) |
| Vacant Housing Units | 691 ( 4.5%) |
| Median Home Value | $501,789 |
| Average Home Value | $550,777 |
Housing Distribution
Address Breakdown
Residential
13,214
Single Family
9,548
Multi-Family
3,666
Businesses
1,303
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Listed by: Evan Megnin • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #3994031